General Atlantic

CCI gives nod to PE firm General Atlantic to acquire Actis Holdings

The Competition Commission of India (CCI) on Tuesday cleared US-based private equity firm General Atlantic's proposal to acquire a 100 per cent stake in Actis Holdings. Actis Holdings S. r.l is a sustainable infrastructure investor, investing globally in, energy infrastructure, digital infrastructure, real estate and private equity. "CCI approves the proposed acquisition of 100% shareholding of Actis Holdings S. r.l. by GAP Arthur Holdco, LP," the fair trade regulator said in a post on X. GAP Arthur Holdco LP is an affiliate of General Atlantic. In January this year, General Atlantic (GA) and Actis announced that the firms have entered into a definitive agreement under which GA will acquire Actis, creating a diversified, global investment platform with USD 96 billion in combined assets under management (AUM). Under the terms of the agreement, Actis will become the sustainable infrastructure arm within General Atlantic's global investment platform. In a separate post on X, CCI app

As Beryl expected to regain hurricane strength, Texas braces for impact

Texas officials Saturday were urging coastal residents to brace for a potential hit by Beryl as the storm is expected to regain hurricane strength in the warm waters of the Gulf of Mexico. We're expecting the storm to make landfall somewhere on the Texas coast sometime Monday, if the current forecast is correct, said Jack Beven, a senior hurricane specialist at the National Hurricane Center in Miami. Should that happen, it'll most likely be a Category 1 hurricane. The earliest storm to develop into a Category 5 hurricane in the Atlantic, Beryl caused at least 11 deaths as it passed through the Caribbean islands earlier in the week. It then battered Mexico as a Category 2 hurricane, toppling trees but causing no injuries or deaths before weakening to a tropical storm as it moved across the Yucatan Peninsula. Texas officials warned the state's entire coastline to brace for possible flooding, heavy rain and wind as they wait for a more defined path of the storm. The hurricane centre ha

General Atlantic, Asia Opportunities sell 4.9% stake in PNB Housing Fin

Foreign investors General Atlantic and Asia Opportunities V (Mauritius) on Thursday sold a 4.9 per cent stake in PNB Housing Finance for Rs 1,004 crore through open market transactions. US-based private equity firm General Atlantic through its affiliate General Atlantic Singapore Fund FII Pte offloaded PNB Housing Finance shares through a bulk deal on the National Stock Exchange (NSE). More than 1.27 crore shares or a 4.9 per cent stake in PNB Housing Fin were disposed of by both entities. As per the data available, General Atlantic Singapore Fund FII and Asia Opportunities sold 63.79 lakh shares each, amounting to a 4.9 per cent stake in the public sector housing finance company. The shares were offloaded in the range of Rs 786.46-787.88 apiece, taking the combined transaction value to Rs 1,004.28 crore. After the stake sale, the shareholding of Asia Opportunities V (Mauritius) in PNB Housing Finance has declined to 7.43 per cent from 9.88 per cent. The stake of General Atlantic

Asia Opportunities V, General Atlantic sell 4.46% stake in PNB Housing

Asia Opportunities V (Mauritius) and General Atlantic divested a 4.46 per cent stake in housing finance firm PNB Housing Finance for Rs 843 crore through open market transactions. US-based private equity firm General Atlantic through its affiliate General Atlantic Singapore Fund FII Pte Ltd offloaded its stake in PNB Housing Finance on the BSE. As per the bulk deal data available with the BSE, Asia Opportunities V (Mauritius) and private equity firm General Atlantic Singapore Fund FII Pte sold 58 lakh shares each, amounting to a combined 4.46 per cent stake in PNB Housing Finance. The shares were disposed of in a price range of Rs 727.26-727.47 apiece, taking the combined deal size to Rs 843.79 crore. As of March 2024, shareholding data of PNB Housing Finance on the BSE, Asia Opportunities V (Mauritius) Ltd holds a 9.88 per cent stake, and General Atlantic Singapore Fund FII Pte owns a 9.82 per cent stake in the company. Meanwhile, Societe Generale purchased 13.08 lakh shares at a

General Atlantic acquires majority stake in Ujala Cygnus hospitals

Ujala Cygnus currently operates 21 hospitals in five states of northern India, catering mainly to tier-2 and tier-3 cities

General Atlantic pares 10% stake in KFin Technologies for Rs 851 cr

Private equity firm General Atlantic on Friday divested a 10 per cent stake in KFin Technologies for Rs 851 crore through an open market transaction. General Atlantic through its affiliate General Atlantic Singapore Fund Pte sold the shares of the company. The US-based private equity firm is the promoter of KFin Technologies. According to the bulk deal data available with the BSE, General Atlantic Singapore Fund Pte offloaded 1,70,00,000 shares, amounting to a 9.98 per cent stake in KFin Technologies. The shares were disposed of at an average price of Rs 500.50 apiece, taking the transaction value to Rs 850.85 crore. After the transaction, General Atlantic's shareholding has declined to 39.14 per cent from 49.12 per cent equity stake in KFin Technologies. ICICI Prudential Mutual Fund, ICICI Prudential Life Insurance, IIFL Securities, Societe Generale and Unifi Capital Pvt Ltd were the buyers of the shares of KFin Technologies. On Friday, shares of KFin Technologies plunged 4.29 p

o9 Solutions raises $116 mn from existing investors; valuation at $3.7 bn

The investment follows a period of continued performance by o9, including 55% year-over-year growth in Annual Recurring Revenue (ARR) as of Q2'23, said the statement

CCI clears General Atlantic's additional 4.04% stake buy in Acko Tech

Competition Commission of India (CCI) on Wednesday cleared General Atlantic Singapore ACK's proposed acquisition of an additional 4.04 per cent stake in Acko Technology and Services. General Atlantic Singapore ACK Pte (GASACK) is an investment holding company held by funds or vehicles controlled by US-based private equity firm General Atlantic. The proposed combination envisages the acquisition of an additional 4.04 per cent shareholding of Acko Technology and Services Private Limited (Acko Tech) by General Atlantic Singapore ACK Pte. Ltd, according to an official release. "CCI approved the proposed combination subject to compliance of modifications jointly furnished by GASAK and GAP Bermuda, LP under regulation 19(2) of the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011," the release said. Acko Tech is engaged in the business of providing general (non-life) insurance through its subsidiary Acko Genera

Gen Atlantic, Advent Int soon to acquire Everstone's Burger King stake

As of March 31, Burger King and its sub-brand BK Cafe together had a total of 391 restaurants in the country. BK Cafe is engaged in the business of serving coffee and beverages to its customers

PhonePe raises another $100 mn from General Atlantic as part of $1 bn plan

The company has raised a total of $850 million from several global investors, including $550 million from General Atlantic alone

General Atlantic to deploy up to $1 bn in new investments in India

The private equity firm manages about $71 billion of assets globally

Facts to know about Ajay Banga, first Indian-American to head World Bank

As Ajay Banga gears to take charge of the World Bank officially, here are some facts to know about him

PhonePe raises $100 million additional funding from General Atlantic

This new funding is part of PhonePe's ongoing fundraise of up to $1 billion in capital, following its domicile shift to India last year

Walmart's PhonePe seeks to raise $300-$400 mn from General Atlantic, others

The new investment is likely to close in a few weeks and help the payments firm compete with Google Pay, Paytm, and Amazon Pay in the Indian fintech space

PhonePe raises $100 mn in additional funding at $12 bn valuation

This follows $350 million in capital from General Atlantic as a part of an ongoing fundraise with a target of raising up to $1 billion in all

PhonePe raises $350 mn from General Atlantic; now bigger than Swiggy, Paytm

Joins decacorn club as most-valued fintech after topping $12-billion valuation in new funding

Amagi's valuation crosses $1.4 bn amid funding woes, raises $100 mn

The media technology provider has raised over $100 mn in investment, inclusive of $80 million in primary capital, from global growth equity firm General Atlantic

Truly sorry to those who'll have to leave Byju's, says Raveendran to staff

The edtech giant has to sever 2,500 employees to avoid role duplication across businesses, says founder in a letter to employees

Nord Stream explosions show the deep sea is now a zone of conflict

The series of pipeline explosions have yet to be definitively proved as sabotage or attributed to any nation, but most analysts believe that the likely culprit is Russia.

General Atlantic Singapore sells 1.21 mn KIMS shares worth Rs 151 cr

General Atlantic Singapore on Monday offloaded 12.10 lakh shares of hospital chain Krishna Institute of Medical Sciences (KIMS) for over Rs 151 cr through an open market transaction. According to bulk deal data available with BSE, General Atlantic Singapore Kh Pte sold 12,10,000 shares, amounting to 1.5 per cent stake in the company. The shares were disposed of at an average price of Rs 1,250 apiece, taking the transaction size to Rs 151.25 crore. ICICI Prudential Life Insurance Company Ltd picked up the shares at the same price. As on June quarter, General Atlantic owned 17.24 per cent stake in the company, shareholding pattern with the exchange showed. In early September, General Atlantic Singapore had disposed of 16.60 lakh shares of the company. KIMS shares closed 0.51 per cent lower at Rs 1,218.60 on BSE. In a separate transaction, promoter entity of Advanced Enzyme Technologies Ltd offloaded shares of the company for over Rs 69 crore through an open market transaction. Ad