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 [...]

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 Seloger.com, Immonet and [...]

Indian steel-to-oil conglomerate Essar Group is in talks to raise $500 million to $600 million through a US initial public offering and the sale of a stake of its IT services arm to private equity firms, writes Reuters. Essar’s Aegis is reported to be in talks with Warburg Pincus and General Atlantic to raise as [...]

H.I.G. Europe and financial services software company FNZ Holdings Ltd. announced Monday that General Atlantic will acquire a minority stake in FNZ alongside H.I.G. and the management team. Terms of the transaction were not disclosed. H.I.G. first invested in the company in early 2009. PRESS RELEASE H.I.G. Europe (“H.I.G.”), the European arm of global private [...]

Global growth equity firm General Atlantic is to acquire a minority stake in FNZ, a provider of technology, transaction and custody services to the wealth management industry. General Atlantic will invest alongside H.I.G. Europe and the management team. H.I.G. originally backed an MBO of FNZ in early 2009. PRESS RELEASE FNZ, a fast growing provider [...]

General Atlantic has appointed Martin Escobari as a managing director and head of its Sao Paulo, Brazil office and Latin American investing program. Escobari will lead GA’s investment activity in Latin America where it has to date invested more than $1 billion in Latin American growth companies. PRESS RELEASE General Atlantic LLC (“GA”), a leading [...]

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(Reuters) – U.S. private equity firm General Atlantic said on Friday the sharp depreciation of the Indian rupee and a stock market decline have created a good entry point for private equity investments in the South Asian nation. A combination of slowing growth and widening fiscal and current account deficits is weighing on the Indian rupee. The rupee was the worst performer among Asian currencies last year, losing close to 16 percent against the dollar.

Latin American pension fund provider GRUPO SURA has completed the acquisition of ING Group´s assets in Latin America, as initially announced on July 25 of this year. Global investor in growth companies General Atlantic will also take part in the deal with an investment of $300 million, joining Grupo Bolívar, IFC and Bancolombia. PRESS RELEASE [...]

Grupo de Inversiones Suramericana, or Grupo Sura, said Thursday that it has closed its deal to buy the Latin America assets of ING Group. The deal was announced on July 25 and regulatory authorities in in Colombia, Mexico, Chile, Peru and Uruguay have approved the deal, according to the statement issued late Thursday. General Atlantic is part of the deal and is investing $300 million. The growth equity firm is joining Grupo Bolívar, IFC and Bancolombia, which are investing $1.05 billion. In a separate statement, ING Group said total consideration for the deal amounted to about 2.65 billion EURO (US$3.4 billion), including 65 million in assumed debt.