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General Atlantic doubles down on Indian tech sector with nearly $110 mn bet
VCCircle
ยท
1y ago
Medial
General Atlantic, a private equity firm, has made a significant investment in the Indian tech sector, with a bet of nearly $110 million. The firm has been actively involved in late-stage venture capital and growth equity transactions in India, and this latest investment adds to its portfolio. General Atlantic recently acquired a majority stake in the healthcare delivery sector, marking a successful start to 2024 for the firm in India.
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General Atlantic, Ares Asia pull out $120 mn from India portfolio firm
VCCircle
ยท
1y ago
Medial
Private equity firm General Atlantic and special situations investor Ares Asia have sold their stake in an Indian non-bank lender, earning nearly $120 million. This move reflects the ongoing trend of alternative investment firms capitalizing on the booming Indian stock market by divesting their investments in local companies. General Atlantic and Ares Asia seized this opportunity to monetize their bets on the Indian non-bank lender.
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General Atlantic makes fourth exit move of the year from India portfolio
VCCircle
ยท
1y ago
Medial
Private equity firm General Atlantic is planning to monetize another investment from its India portfolio. This move marks the fourth monetization activity by the firm this year. General Atlantic has been active in making both late-stage venture capital and growth equity deals in the Indian healthcare sector. The specific healthcare company that will be monetized has not been disclosed. General Atlantic has previously made successful exits from its Indian investments, indicating a positive track record in the region.
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General Atlantic midway on its $700 mn exit from India portfolio
VCCircle
ยท
1y ago
Medial
Private equity firm General Atlantic is in the process of exiting its $700 million portfolio in India. The firm, known for making late-stage venture capital and growth equity transactions, has already sold a 10% stake in one of its Indian portfolio companies. General Atlantic is believed to have filed for an initial public offering in the US.
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General Atlantic India COO Alok Misra retires
YourStory
ยท
1y ago
Medial
Alok Misra, COO of General Atlantic India, is stepping down from his position after almost 11 years. This move comes at a challenging time for General Atlantic, as it navigates its investment in BYJU's, which recently admitted insolvency following legal battles, cash crunch, and operational troubles. General Atlantic holds a 4.8% stake in BYJU's and has invested over $300 million in the company. Additionally, General Atlantic's investment in Unacademy has also faced challenges, with the company recently experiencing a round of job cuts. Anand Agarwal has been appointed as the new Operating Partner at General Atlantic.
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General Atlantic pockets $136 mn in twin exit moves from India portfolio
VCCircle
ยท
1y ago
Medial
Private equity firm, General Atlantic, has made two exit moves from its India portfolio, generating a total of $136 million. The firm has begun the process of listing Maharashtra-based pharmaceutical products developer, Rubicon Research, and has also sold its stake in Madeira Systems. General Atlantic invests in both late-stage venture capital and growth equity transactions in India.
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Actis ropes in key financial backer for $350 mn Egypt energy deal
VCCircle
ยท
6m ago
Medial
Actis, a sustainable infrastructure investment firm and part of General Atlantic, has secured significant financial backing from an American investor for its $350 million wind power plant project in Egypt. This investment marks a key development in Actis's strategy to expand its renewable energy portfolio. The firm, based in London, was acquired by General Atlantic to enhance its global investment reach, emphasizing the growing importance of sustainable energy solutions.
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PE-backed ASG Hospital returns to M&As with first deal in two years
VCCircle
ยท
5m ago
Medial
ASG Hospital Pvt. Ltd, an eyecare chain backed by private equity firms General Atlantic and Kedaara Capital, has resumed its acquisition activities after nearly two years. The Jodhpur, Rajasthan-based company, known for a series of acquisitions from 2021 to 2023, has finalized a takeover deal, marking its return to mergers and acquisitions. This strategic move underscores ASG Hospital's ongoing expansion and growth strategy in the eyecare sector.
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Struck by Byjuโs, General Atlanticโs India ship is in distress. Will it survive?
Livemint
ยท
1y ago
Medial
Indian edtech startup Byju's is facing challenges as it struggles with bleeding acquisitions, governance issues, and lawsuits filed by investors. General Atlantic, a global private-equity fund with a stake in Byju's, is now in a quandary about investing further. Byju's has launched a rights issue to raise capital from existing investors at a very low valuation, causing concerns for General Atlantic over its stake. Moreover, several other businesses General Atlantic has invested in, including Unacademy, NoBroker, and Rubicon Research, are also facing financial difficulties.
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General Atlantic, Kedaara top up bets on India portfolio firm in flat round
VCCircle
ยท
4m ago
Medial
General Atlantic and Kedaara Capital have reinvested in a common Indian portfolio company that they originally supported nearly four years ago. Along with a Singapore-based investment firm and an Indian investment entity, these private equity firms have shown continued commitment by contributing in a recent flat funding round. This move highlights their ongoing confidence in the company despite the challenging economic landscape, reflecting a strategic decision to bolster the firm's growth and prospects.
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General Atlantic, KKR, EQT eye PE deals; FirstCry, Anthem in IPO news
VCCircle
ยท
1y ago
Medial
General Atlantic and KKR are competing for a majority stake in Asian Institute of Medical Sciences (AIMS), with the deal potentially valuing the hospital chain at $179 million. Alongside this, private equity firms EQT, General Atlantic, and KKR are also exploring deals in the Indian market. In IPO news, FirstCry and Anthem are reported to be considering initial public offerings (IPOs).
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