Difference between revisions of "General Atlantic"

From MarketsWiki
Jump to navigation Jump to search
m (SarahRudolph moved page General Atlantic Partners to General Atlantic over redirect)
 
(10 intermediate revisions by 2 users not shown)
Line 1: Line 1:
{{Infobox_Company
{{Infobox_Company
| company_name = General Atlantic Partners
| company_name = General Atlantic  
| company_logo =  [[Image:General_Atlantic_logo.gif]]
| company_logo =  [[Image:GeneralAtlantic_logo.png]]
| key_people =    [[Steven Denning]], chairman; [[Bill Ford]], CEO
| key_people =    [[Steven Denning]], Chairman; [[William Ford]], CEO
| foundation =    1980
| foundation =    1980
| location =      Greenwich, Connecticut, USA
| location =      New York City, New York
| homepage=        [http://www.generalatlantic.com www.generalatlantic.com]
| homepage=        [http://www.generalatlantic.com www.generalatlantic.com]
}}
}}


General Atlantic is a US-based [[private equity]] firm focused on financial services, media, communications and healthcare.  
General Atlantic is a US-based global [[private equity]] firm providing capital and strategic support for growth companies.


It has a high profile in the exchange industry, with a [[portfolio]] including investments in [[NYSE Euronext]], the [[New York Mercantile Exchange]], the [[National Stock Exchange of India]] and the [[Brazilian Mercantile & Futures Exchange]]. [[Bill Ford]],<ref>{{cite web|url=http://www.generalatlantic.com/images/FinancialTimes_GA_news.pdf | org=Financial Times |name=Private equity outsider that’s in-step with Wall Street|date=November 17, 2007}}</ref><ref>{{cite web| url=http://www.generalatlantic.com/images/PEI_51(Ford).pdf |org=Private Equity International|name=Driven by Ford|date=November 16, 2007}}</ref> CEO, is a board member of [[NYSE Euronext]] and the [[NYMEX]].
It has approximately $17 billion in assets under management and more than 80 investment professionals based in New York, Greenwich, Palo Alto, São Paulo, London, Munich, Amsterdam, Beijing, Hong Kong, Mumbai and Singapore.
 
It has a high profile in the exchange industry, with a [[portfolio]] including investments in [[NYSE Euronext]], the [[New York Mercantile Exchange]], the [[National Stock Exchange of India]] and the [[Brazilian Mercantile & Futures Exchange]]. [[Bill Ford]], the CEO, was previously a board member of [[NYSE Euronext]] and the [[NYMEX]].


== History ==
== History ==
The firm was co-founded in 1980 by [[Steven Denning]] as a family office investment for [[Charles Feeney]], founder of the Duty Free International retail chain, and other wealthy investors. Denning, a former McKinsey & Co consultant, initially focused on the real estate, energy and information technology sectors. The property and oil and gas arms were spun off, and the group expanded from IT into other growth sectors, establishing its first overseas office in London in 1998. It relies on "limited" partners - usually wealthy families - rather than general rounds of fundraising.
The firm was co-founded in 1980 by [[Steven Denning]] as a family office investment firm to invest the funds of the Atlantic Philanthropies established by [[Charles Feeney]], founder of the Duty Free International retail chain. Other capital partners were added later. <ref>{{cite web|url=http://www.generalatlantic.com/about-us/a-proud-legacy/|name=About Us|org=General Atlantic|date=May 28, 2014}}</ref> 
 
Denning, a former McKinsey & Co consultant, initially focused on the real estate, energy and information technology sectors. The property and oil and gas arms were spun off, and the group expanded from IT into other growth sectors, establishing its first overseas office in London in 1998. It relies on "limited" partners - usually wealthy families - rather than general rounds of fundraising.


General Atlantic has $15bn in funds under management as of November 2007 and a portfolio value of around $8bn in more than 50 companies, split evenly between the US and other countries. The firm invests across the life cycle of its holdings, typically in 8-12 companies a year with tranches ranging from $50m to $500m.
General Atlantic has a portfolio value of around $8bn in more than 50 companies, split evenly between the US and other countries. The firm invests across the life cycle of its holdings, typically in 10-12 new companies a year with tranches ranging from $75m to $400m.
[[Bill Ford]], a former [[Morgan Stanley]] executive, joined in 1991, became president in 2005 before being appointed as CEO in January 2007.
[[Bill Ford]], a former [[Morgan Stanley]] executive, joined in 1991, became president in 2005 before being appointed as CEO in January 2007.
In May of 2014, General Atlantic agreed to acquire [[OptionsHouse]] from [[PEAK6]] and separately to acquire a majority interest in [[tradeMONSTER]] from its shareholders. GA then will combine the two companies and take a majority stake in the new combined company.<ref>{{cite web|url=http://www.benzinga.com/news/14/05/4587029/update-peak6s-optionshouse-to-combine-with-trademonster|name=Peak6's OptionsHouse to combine with tradeMONSTER|org=Benzinga|date=May 28, 2014}}</ref>
In April 2019, Deutsche Boerse announced the acquisition of [[Axioma]] for $850 million. Axioma, a cloud-based portfolio and risk management software firm, will be folded into Deutsche Boerse's [[STOXX]] index business. [[General Atlantic]] is a minority investor in the deal.<ref>{{cite web|url=https://axioma.com/news/articles/deutsche-b%C3%B6rse-creates-leading-index-and-portfoliorisk-analytics-business/|name=Deutsche Börse creates leading index and portfolio/risk analytics business|org=Press Release|date=April 10, 2019}}</ref>


== Key People ==
== Key People ==


*[[Bill Ford]], CEO
*[[William Ford]], CEO
*[[Steven Denning]], Chairman
*[[Steven Denning]], Chairman



Latest revision as of 12:46, 10 April 2019

General Atlantic
GeneralAtlantic logo.png
Founded 1980
Headquarters New York City, New York
Key People Steven Denning, Chairman; William Ford, CEO
Website www.generalatlantic.com

General Atlantic is a US-based global private equity firm providing capital and strategic support for growth companies.

It has approximately $17 billion in assets under management and more than 80 investment professionals based in New York, Greenwich, Palo Alto, São Paulo, London, Munich, Amsterdam, Beijing, Hong Kong, Mumbai and Singapore.

It has a high profile in the exchange industry, with a portfolio including investments in NYSE Euronext, the New York Mercantile Exchange, the National Stock Exchange of India and the Brazilian Mercantile & Futures Exchange. Bill Ford, the CEO, was previously a board member of NYSE Euronext and the NYMEX.

History[edit]

The firm was co-founded in 1980 by Steven Denning as a family office investment firm to invest the funds of the Atlantic Philanthropies established by Charles Feeney, founder of the Duty Free International retail chain. Other capital partners were added later. [1]

Denning, a former McKinsey & Co consultant, initially focused on the real estate, energy and information technology sectors. The property and oil and gas arms were spun off, and the group expanded from IT into other growth sectors, establishing its first overseas office in London in 1998. It relies on "limited" partners - usually wealthy families - rather than general rounds of fundraising.

General Atlantic has a portfolio value of around $8bn in more than 50 companies, split evenly between the US and other countries. The firm invests across the life cycle of its holdings, typically in 10-12 new companies a year with tranches ranging from $75m to $400m. Bill Ford, a former Morgan Stanley executive, joined in 1991, became president in 2005 before being appointed as CEO in January 2007.

In May of 2014, General Atlantic agreed to acquire OptionsHouse from PEAK6 and separately to acquire a majority interest in tradeMONSTER from its shareholders. GA then will combine the two companies and take a majority stake in the new combined company.[2]

In April 2019, Deutsche Boerse announced the acquisition of Axioma for $850 million. Axioma, a cloud-based portfolio and risk management software firm, will be folded into Deutsche Boerse's STOXX index business. General Atlantic is a minority investor in the deal.[3]

Key People[edit]

Exchange Investments[edit]

The firm’s first foray into exchanges was a $125m investment in Archipelago Holdings, the Chicago-based electronic platform which later merged with the NYSE Group, now part of NYSE Euronext. The investment was announced in November 2003[4].

General Atlantic agreed to acquire a 10 percent stake in the New York Mercantile Exchange for $135m in September 2006, though the deal was not ratified amid shareholder opposition until March 2007, with the price raised to $170m. The firm did not participate in the November 2006 IPO because of a lock-up agreement[5].

The firm’s focus on India saw it acquire a 5 per cent stake in the National Stock Exchange of India in January 2007, with NYSE Euronext, Goldman Sachs and an affiliate of Softbank taking stakes in a deal valuing the exchange at $2,3bn. [6].

In September 2007, it agreed to pay R$1bn for a 10 percent stake in the Brazilian Mercantile & Futures Exchange as part of the Latin American’s group’s IPO, which was launched on November 30, 2007. The deal includes a two-year lock-up on the stock[7].

References[edit]