TriNet files for proposed IPO

TriNet, a provider of a comprehensive human resources solution for small to medium-sized businesses, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of shares of its common stock. General Atlantic is a backer of the company.

Box Chooses SDL to Accelerate International Growth

SDL has been selected by UK-based Box, a provider of online storage and collaboration software, as its preferred partner to expand into new international markets. Box is backed by venture capital firms Andreessen Horowitz, Bessemer Venture Partners, Draper Fisher Jurvetson, Emergence Capital Partners, General Atlantic, Meritech Capital Partners, NEA, Scale Venture Partners and U.S. Venture Partners and strategic investors and SAP.


General Atlantic Takes In $900 Million In Capital, Seeks Growth Firms

General Atlantichas made a name for itself by taking stakes in high profile firms ranging from social media giant Facebook to women’s clothing brand Tory Burch. General Atlantic recently made Form D filings indicating an influx of $623 million but that total is actually $900 million, a source tells Buyouts.

Box Adds to Team with Senior Sales Appointments

Box has hired four senior sales professionals to its team. Jim Priestley joins as senior vice president of sales; Stephen Morse joins as vice president of global sales engineering; Ryan Martin as vice president of platform sales; and Scott Hebert as vice president of vertical industry sales. Headquartered in Los Altos, CA, Box is a privately held company and is backed by venture capital firms Andreessen Horowitz, Bessemer Venture Partners, Draper Fisher Jurvetson, Emergence Capital Partners, General Atlantic, Meritech Capital Partners, NEA, Scale Venture Partners, U.S. Venture Partners and strategic investors and SAP.

General Atlantic Expands India Team

General Atlantic, a global growth equity firm, has strengthened and expanded its investment team in India with several new hires. Under the leadership of Sandeep Naik, who joined the firm as a managing director and head of the firm’s Mumbai, India office in late 2012, GA’s India team now includes eight full-time investment professionals and two advisory directors.

Xiabu Xiabu Dealt in Secondary PE Transaction

General Atlantic LLC will acquire the shares held by Actis in Xiabu Xiabu, the Chinese bar-style hotspot brand. Specifics of the deal were not publicized. Xiabu has over 300 restaurants in places like Hebei, Liaoning and Shanghai.

General Atlantic Appoints MD in India

Global growth equity firm General Atlantic has appointed Sandeep Naik as a managing director and head of the firm’s Mumbai, India office. Naik will lead GA’s investment advisory activity in India.

Pierpoint Completes Buy of Cortview Capital

Pierpont Securities Holdings, which is backed by Stone Point Capital and General Atlantic, has closed its buy of Cortview Capital Holdings after receiving FINRA approval. The two companies will continue to operate as separate broker-dealers until first quarter when the two firms will combine into a single entity called Pierpont Securities. Cortview, a Richmond, Va.-based broker-dealer, was launched in 2010 with a $125 million investment from Warburg Pincus.

General Atlantic Opens Munich Office

Global growth investor General Atlantic has opened a new office in Munich, Germany led by principal Jörn Nikolay. General Atlantic opened its first European office in 1998 and has invested over 2.5 billion euros ($3.3 billion) to support the growth of Europe-based companies since then. Secures Funding led by General Atlantic, an online food ordering service in Turkey and the Middle East, has secured a $44 million investment led by global growth investor General Atlantic, which has acquired a minority stake in the company. Endeavor Catalyst, a philanthropic investment vehicle also participated in the round.

TriNet Buys ExpenseCloud

TriNet, which is majority owned by General Atlantic, has acquired ExpenseCloud. Financial terms weren’t announced. Los Angeles-based ExpenseCloud is an expense management services provider. PRESS RELEASE TriNet, a trusted on demand HR partner to small businesses and entrepreneurs, announced today that it has acquired ExpenseCloud, a leading expense management solution. TriNet will incorporate ExpenseCloud’s offering […]

Align Network Merges with Universal SmartComp

Align Networks, which is backed by General Atlantic, is merging with Universal SmartComp, which is a portfolio company of The Riverside Co. Financial terms weren’t disclosed. The combined company will operate under the Align Networks brand name and be led by Align CEO and President Butch Hofstetter. Both General Atlantic and Riverside will remain investors […]

Cloud Provider Appirio Raises $60M to Support Acquisition Strategy

Enterprise cloud provider Appirio has raised $60 million in Series D funding led by General Atlantic and including existing investors Sequoia Capital and GGV Capital. The company, which previously raised about $17 million in funding, says it plans to use the latest round to support its M&A strategy of global expansion and to bolster its […]

Axel Springer Expects Core Profit Increase

German publisher Axel Springer said it expects its core profit to increase this year after its online ad sales drove a 16 percent gain in 2011 profit, writes Reuters. The company on Tuesday announced a deal with General Atlantic to take a stake in its online classified adverts business and provide platforms, Immonet and […]

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