General Atlantic Adds Senior Advisors

General Atlantic has added two special advisors: Robert Callahan, former president of ABC and former CEO of Ziff David Media; and Dinvar Devitre, former CFO of Altria Group and a former executive vice president with Citigroup in Europe.

 

PRESS RELEASES

 

General Atlantic LLC (GA), a leading global growth equity firm, today announced that Robert F. Callahan, the former President of ABC, the $6 billion Broadcasting Group, and former Chief Executive Officer of Ziff Davis Media, has become a Special Advisor to the firm. In this role, Mr. Callahan will provide strategic counsel to GA and its portfolio companies in the Media & Consumer sector.

 

GA is an active investor in media and consumer related companies on a global basis, with current investments that include MercadoLibre, Dice, AKQA, Webloyalty and Network Solutions, among others. Founded in 1980, GA has a long history of identifying, investing in and supporting growth companies in the U.S., Europe and Asia. With a target investment size of $50 million to $500 million, GA manages approximately $17 billion and invests about $2 billion per year in growth opportunities globally.

 

Anton Levy, head of GA's Media & Consumer sector, commented, “We are delighted to have Bob join us in this role to assist us in identifying new investment opportunities and work with our portfolio to pursue global growth opportunities. Bob's understanding of the shifts occurring from offline to digital media is already helping us map and evaluate the fastest growing and most innovative companies around the world. His deep experience and global network of contacts are especially helpful to our portfolio companies as they pursue strategic partnerships, M&A opportunities and global expansion.”

 

Mr. Callahan said, “As a leading growth equity provider, General Atlantic provides much more than capital to leading growth companies in the media and consumer sector. I am excited to be part of a collaborative global organization that focuses on adding tangible value to firms with aggressive growth objectives.”

 

Mr. Callahan previously served as the CEO of Ziff Davis Media, where he led the company's successful digital growth for six years, culminating in the sale of Ziff Davis Enterprise in 2007. Before joining Ziff Davis Media, Mr. Callahan had a twenty-year career in both broadcast and publishing at Cap Cities/ABC/The Walt Disney Company. Most recently, he served as President of ABC, the $6 billion Broadcasting Group, where he managed the ABC TV Network comprising ABC News, ABC Sports, ABC Primetime, ABC Daytime, ABC sales, marketing, digital and financial operations; the 10 ABC-owned TV stations; the 54 ABC-owned radio stations; and the ABC Radio Networks.

 

Before assuming his roles in radio and television, Mr. Callahan held senior executive positions at Capital Cities' Fairchild Publishing, where he oversaw operations for 13 publications covering the cable TV, electronics, and metals industries. He began his career in planning and account management at Young & Rubicam, McCann Erickson and Wells, Rich, Greene. Mr. Callahan holds a Bachelor of Science degree from the University of Kansas' Journalism School.

 

Mr. Callahan currently serves on the boards of GA portfolio companies Network Solutions Inc. and Webloyalty.com. His other past and present board participation includes Education Corporation of America, National Association of Broadcasters, Radio Network Association, International Radio and Television Society, Gateway School, Magazine Publishers Association, American Business Media, New York United Hospital, College TV Network and Ziff Davis Holdings.

 

 

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. Founded in 1980, GA manages approximately $17 billion in capital and has more than 75 investment professionals based in Greenwich, New York, Palo Alto, London, D