General Atlantic related stories
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US Hispanic fund draws $520mPalladium Equity Partners, which in recent years has rebranded itself to focus more on the growing US Hispanic market, has closed its third fund on $520m.
- IDFC to invest in Indian stock broker
India’s Infrastructure Development Finance Company (IDFC) has approved the acquisition of a 33 percent stake in a Mumbai-based private securities firm for an undisclosed amount.
- Buchanan launches €150m fund
The independent private equity arm of Germany’s Buchanan Capital Group has launched a €150m private equity fund aimed at growing family-run companies.
- Blackstone, Bain join Chinese Maytag bid
The two private equity giants have teamed with Haier Group, China’s largest maker of household appliances, in a $1.28 bid for Maytag, a struggling US maker of washing machines that already has a buyout deal inked with Ripplewood Holdings.
- PE firms consolidate stakes in US exchanges
Blackstone and Battery Ventures have made a bid for the New York Mercantile Exchange, while General Atlantic looks set to gain a foothold in the NYSE.
- China’s Lenovo in PE pact
Texas Pacific Group, General Atlantic and Newbridge Capital are providing Chinese computer maker Lenovo with $350m for the acquisition of IBM’s personal computer business, in exchange for up to a 12.4 percent stake in Lenovo itself.
- Technology Crossover pulls in $1.4bn for Fund VI
Palo Alto-based Technology Crossover Ventures corralled $1.4 billion (€1.19 million) for its latest fund. The fundraise represents a 55 percent jump over its predecessor fund, but still does not match the $1.7 billion raised in 1999.
- General Atlantic augments Indian team
General Atlantic has brought in UBS veteran Raul Rai to serve as a principal in its Mumbai office.
- General Atlantic announces succession
In another high profile private equity succession, co-founder Steven Denning will relinquish his role as managing partner of the Greenwich, Connecticut private equity firm.
- GE’s BPO units attract PE backing
General Electric has sold a 60 percent stake in its Indian business processing operation to US private equity houses General Atlantic and Oak Hill for $500m.