The Firm Has Been Supporting Growth Companies in Europe for Over Two Decades
GREENWICH and LONDON--General Atlantic LLC (GA), a leading global growth equity firm, recently marked the tenth anniversary of its ‘on the ground' presence in Europe, having opened its London office in 1999. Founded in 1980, GA has £9.3 billion ($15 billion) in capital under management and has invested over £1.5 billion ($2.5 billion) in European companies over the last two decades. The firm has a strong history of identifying, investing in and supporting growth companies globally.
Over the past six months alone, GA has committed over £0.6 billion ($1 billion) in growth equity capital, including more than £310 million ($500 million) in the financial services industry. The firm's most recent investment is in Markit, a leading global financial information services company based in London, announced today.
John Bernstein, managing director and head of GA's European organisation, said, "General Atlantic's global growth focus has helped many European companies expand their businesses, and is especially relevant in today's capital markets environment. We have backed the management teams of some tremendous European growth companies over the last ten years and are excited to be continuing that today with our latest investment in Markit. Our long term approach to investing and our focus on value added business-building have helped our partner companies generate strong growth for their investors over many years and we believe this is the best way of building globally successful companies."
GA opened its London office after working extensively in the 1980s and 1990s on European expansion initiatives on behalf of U.S. based portfolio companies. Beginning in the late 1990s, GA was one of the first growth equity firms to globalise its organisation, develop a local presence in key developed and emerging markets, and staff its global offices with local professionals.
Bill Ford, Chief Executive Officer of General Atlantic, noted, "Our success is driven by the growth of innovative and promising market leaders with whom we have partnered over many years. We are proud of the success of our European portfolio companies and look forward to many more decades of helping European growth companies to become global market leaders. We'd like to thank our partners and advisors for all of their support over the last ten years."
GA's current European investments include Xchanging, a leading business services firm; Amedes Group, a German clinical lab group; GlobalCollect, an e-payment services provider; Saxo Bank, a multi-asset electronic trading services firm; and CompuGROUP, a healthcare solutions provider. Selected prior investments include Northgate, a business services firm, and LHS and MSI, both telecommunications billing providers. With a target investment size of £31 million ($50 million) to £310 million ($500 million), GA invests between £0.6 billion ($1.0 billion) and £1.5 billion ($2.5 billion) per year in growth opportunities globally.
General Atlantic will be moving to its new offices in London on February 1st located at 23 Savile Row.
About General Atlantic
GENERAL ATLANTIC is a leading global growth equity firm providing capital and strategic support for growth companies. GA combines a collaborative global approach, sector specific expertise, long-term investment horizon and a deep understanding of growth drivers to partner with great management and build exceptional businesses worldwide. Established in 1980, GA manages approximately £9.3 billion ($15 billion) in capital and has more than 75 investment professionals based in Greenwich, New York, Palo Alto, London, Düsseldorf, Hong Kong, Beijing, Mumbai and São Paulo. For further information and a listing of GA's public and private portfolio companies, see www.generalatlantic.com.
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