General Atlantic Mergers and Acquisitions Summary

Growth Capital Firm Profile

In the last 3 years, General Atlantic has acquired 13 companies. It has also invested in 32 others.

General Atlantic’s most common sectors for investment areinternet software and services (21%) and information technology (13%) . The Firm’s most common investment types include growth capital (39%) and venture (28%). In total, General Atlantic has invested in 30 US states and 34 different countries. Its largest (disclosed) acquisition occurred in 2022 when it acquired Coupa Software for $8.0B.

In the last 3 years, General Atlantic has exited 11 companies. The Firm’s most common exit type is ipo (36%). General Atlantic’s largest (disclosed) exit occurred in 2017 when it sold AppDynamics for $3.7B.

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M&A Summary

  • M&A Total Activity505
    • M&A Buy Activity357
    • M&A Sell Activity148
  • Total Sectors Invested 37
  • Total Countries Invested 34
  • M&A Buy/Sell Connections 160
  • M&A Advisors 40

General Atlantic

General Atlantic Service Company, L.P.

Park Avenue Plaza 55 East, 32nd Street,
New York, New York 10055
United States
(212) 715-4000
www.generalatlantic.com
info@generalatlantic.com

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.


Investment Criteria

Sectors of Interest: Business Services, Communications, Consumer Products, Consumer Services, Digital Media, Distribution, E-Commerce, Education, Electrical Equipment, Electronics, Energy Services and Equipment, Engineering, Financial Services, Gaming, Healthcare Services, Information Technology, Infrastructure, Insurance, Internet Software and Services, Leisure, Life Science, Manufacturing, Marketing, Media, Oil/Gas Exploration, Publishing, Retail, Safety/Security, Semiconductors, Software, Staffing, Technology Hardware, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Growth Capital, Recapitalization, Secondary Buyout

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Nordic, Asia/Pacific, Australia/New Zealand, Central Asia/India, Latin/South America

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 40 400
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (18.2/yr) # 266 46 23 10 10 2 357
vol $9.3B $8.0B $3.6B $1.7B $22.5B
Sell (6.2/yr) # 119 20 4 2 4 1 150
vol $27.4B $600M $2.1B $450M $30.6B
  507

Most Recent M&A

Company Date Value Type
Chime Capital LLC 2025-06-12 - IPO
San Francisco, California · www.chime.com
U.S. Urology Partners 2025-04-09 - Secondary Buyout
Nolensville, Tennessee · www.usuropartners.com
Esker SA 2025-03-03 - Going Private
Lyon, France · www.esker.fr
Eventus WholeHealth PLLC 2024-11-11 - Secondary Buyout
Concord, North Carolina · www.eventuswholehealth.com
Vuori, Inc. 2024-11-08 - Stake Purchase
Carlsbad, California · www.vuoriclothing.com
Zoomin Software Ltd. 2024-09-24 450M USD Trade Sale
Tel Aviv, Israel · www.zoominsoftware.com
Evisort, Inc. 2024-09-17 - Trade Sale
San Mateo, California · www.evisort.com
Sustainable Development Capital LLP 2024-06-11 - Stake Purchase
London, United Kingdom · www.sdclgroup.com
LiveMode 2024-04-23 - Growth Capital
Rio de Janeiro, Brazil · www.livemode.com
Gresb B.V. 2024-04-17 - Secondary Buyout
Amsterdam, Netherlands · www.gresb.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
New York Digital Investment Group LLC 2021-03-05 Crusoe - Bitcoin Mining Business 2025-03-25 2
New York, New York · www.nydig.com Denver, Colorado
Visma Oy 2017-06-29 Admincontrol AG 2025-03-13 4
Oslo, Norway · www.visma.com Oslo, Norway · www.admincontrol.com
PT Solutions 2021-12-17 OrthoCarolina - Physical Therapy Branch 2025-02-03 2
Atlanta, Georgia · www.ptsolutions.com Charlotte, North Carolina
Visma Oy 2017-06-29 MobileXpense NV/SA 2024-11-28 44
Oslo, Norway · www.visma.com Brussels, Belgium · www.mobilexpense.com
Howden Group Holdings Ltd. 2013-03-27 North Risk A/S 2023-12-14 2
London, United Kingdom · www.howdengroupholdings.com Kongens Lyngby, Denmark · www.northrisk.dk
PT Solutions 2021-12-17 Active Pro Rehab Partners 2023-10-04 1
Atlanta, Georgia · www.ptsolutions.com Cranford, New Jersey · www.twinboro.com
Visma Oy 2017-06-29 Silverfin 2023-09-25 43
Oslo, Norway · www.visma.com Gent, Belgium · www.silverfin.com
Visma Oy 2017-06-29 twoday 2022-06-16 3
Oslo, Norway · www.visma.com Copenhagen, Denmark · www.twoday.com
Howden Group Holdings Ltd. 2013-03-27 TigerRisk Partners LLC 2022-06-09 1
London, United Kingdom · www.howdengroupholdings.com Stamford, Connecticut · www.tigerrisk.com
Visma Oy 2017-06-29 Lyanthe BV 2022-03-10 42
Oslo, Norway · www.visma.com Echt, Netherlands · www.lyanthe.com

M&A by Sector

Sector Current # Value All-time # Value
Internet Software and Services 46 (24%) 11.3B (76%) 75 (21%) 11.3B (50%)
Information Technology 19 (10%) - 45 (13%) 318M (1%)
Financial Services 14 (7%) - 32 (9%) 1.6B (7%)
Software 19 (10%) - 29 (8%) -
Healthcare Services 15 (8%) - 24 (7%) -
Business Services 3 (2%) - 22 (6%) 1.0B (4%)
Life Science 10 (5%) - 19 (5%) -
E-Commerce 7 (4%) - 14 (4%) 43M (< 1%)
Retail 7 (4%) - 11 (3%) -
Consumer Services 7 (4%) - 8 (2%) -
Education 6 (3%) 1.5B (10%) 7 (2%) 1.5B (7%)
Insurance 3 (2%) 385M (3%) 6 (2%) 385M (2%)
Information Services 3 (2%) - 6 (2%) 122M (1%)
Consumer Products 5 (3%) - 6 (2%) -
Digital Media 3 (2%) - 5 (1%) -
Marketing 1 (1%) - 5 (1%) -
Restaurants 3 (2%) - 5 (1%) -
Real Estate 3 (2%) - 4 (1%) 2.8B (12%)
Apparel/Textiles 3 (2%) - 4 (1%) -
Food 3 (2%) - 4 (1%) -
Staffing 1 (1%) 1.7B (11%) 3 (1%) 1.9B (8%)
Environmental 3 (2%) - 3 (1%) -
Medical Products 2 (1%) - 3 (1%) -
Transportation 2 (1%) - 3 (1%) -
Engineering - - 2 (1%) 1.7B (7%)
Media 1 (1%) - 2 (1%) -
Renewable Energy 2 (1%) - 2 (1%) -
Aerospace 1 (1%) - 1 (< 1%) -
Agriculture 1 (1%) - 1 (< 1%) -
Communications 1 (1%) - 1 (< 1%) -
Diversified - - 1 (< 1%) -
Electronics - - 1 (< 1%) -
Energy Services and Equipment - - 1 (< 1%) -
Infrastructure - - 1 (< 1%) -
Leisure - - 1 (< 1%) -
Publishing - - 1 (< 1%) -
Technology Hardware - - 1 (< 1%) -
Total 194 $14.8B 359 $22.5B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 89 (46%) 10.9B (73%) 172 (48%) 17.2B (76%)
  California 24 (12%) 9.2B (62%) 48 (13%) 9.2B (41%)
  New York 13 (7%) - 22 (6%) 1.7B (8%)
  Massachusetts 12 (6%) - 17 (5%) -
  Texas 6 (3%) - 12 (3%) -
  Illinois 5 (3%) - 12 (3%) -
  Florida 3 (2%) - 6 (2%) -
  Connecticut - - 6 (2%) -
  Pennsylvania 3 (2%) - 4 (1%) -
  Tennessee 2 (1%) 1.7B (11%) 4 (1%) 1.7B (7%)
  Colorado 2 (1%) - 4 (1%) 200M (1%)
  South Carolina 1 (1%) - 4 (1%) -
  North Carolina 2 (1%) - 3 (1%) -
  Virginia - - 3 (1%) 1.7B (7%)
  Utah 2 (1%) - 2 (1%) -
  Ohio 2 (1%) - 2 (1%) -
  Minnesota 2 (1%) - 2 (1%) -
  Georgia 1 (1%) - 2 (1%) -
  Arizona 1 (1%) - 2 (1%) -
  Washington 1 (1%) - 2 (1%) -
  Michigan 1 (1%) - 2 (1%) -
  Maryland 1 (1%) - 2 (1%) -
  Kansas 1 (1%) - 2 (1%) -
  New Jersey - - 2 (1%) -
  District of Columbia 1 (1%) - 1 (< 1%) -
  Alabama 1 (1%) - 1 (< 1%) -
  Vermont 1 (1%) - 1 (< 1%) -
  Missouri 1 (1%) - 1 (< 1%) -
  Nebraska - - 1 (< 1%) 2.8B (12%)
  Arkansas - - 1 (< 1%) -
  West Virginia - - 1 (< 1%) -
China 15 (8%) - 32 (9%) -
India 14 (7%) - 25 (7%) -
United Kingdom 11 (6%) 385M (3%) 21 (6%) 864M (4%)
Brazil 11 (6%) 1.5B (10%) 19 (5%) 1.5B (7%)
Germany 9 (5%) - 18 (5%) -
France 8 (4%) - 8 (2%) -
Mexico 8 (4%) - 8 (2%) -
Netherlands 4 (2%) - 7 (2%) -
Canada 2 (1%) - 5 (1%) -
  Ontario - - 3 (1%) -
  Quebec 1 (1%) - 1 (< 1%) -
  Alberta 1 (1%) - 1 (< 1%) -
Israel 2 (1%) - 4 (1%) -
Spain 1 (1%) - 4 (1%) 15M (< 1%)
Singapore 1 (1%) - 4 (1%) -
Indonesia 3 (2%) - 3 (1%) -
Denmark 2 (1%) - 3 (1%) -
Australia 1 (1%) - 3 (1%) -
Norway 2 (1%) 2.1B (14%) 2 (1%) 2.1B (9%)
Colombia 1 (1%) - 2 (1%) -
Sweden 1 (1%) - 2 (1%) -
United Arab Emirates 1 (1%) - 2 (1%) -
Uruguay 1 (1%) - 2 (1%) -
Czech Republic 1 (1%) - 1 (< 1%) -
Finland 1 (1%) - 1 (< 1%) -
Kenya 1 (1%) - 1 (< 1%) -
Nigeria 1 (1%) - 1 (< 1%) -
Philippines 1 (1%) - 1 (< 1%) -
Switzerland 1 (1%) - 1 (< 1%) -
Vietnam 1 (1%) - 1 (< 1%) -
Bermuda - - 1 (< 1%) 800M (4%)
South Africa - - 1 (< 1%) 53M (< 1%)
Cayman Islands - - 1 (< 1%) -
Russia - - 1 (< 1%) -
Slovenia - - 1 (< 1%) -
Turkey - - 1 (< 1%) -
Total 194 $14.8B 359 $22.5B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 75 (39%) - 140 (39%) -
Venture 68 (35%) - 99 (28%) 58M (< 1%)
Stake Purchase 18 (9%) - 40 (11%) -
Secondary Buyout 14 (7%) 1.6B (11%) 28 (8%) 1.6B (7%)
Buyout (LBO, MBO, MBI) 5 (3%) - 18 (5%) 595M (3%)
PIPE 3 (2%) - 13 (4%) 1.4B (6%)
Going Private 6 (3%) 13.2B (89%) 8 (2%) 13.5B (60%)
Divestiture 1 (1%) - 5 (1%) 5.5B (24%)
Add-on Acquisition 2 (1%) - 3 (1%) -
Joint Venture 1 (1%) - 2 (1%) -
Acquisition Financing - - 1 (< 1%) -
Merger - - 1 (< 1%) -
Recapitalization 1 (1%) - 1 (< 1%) -
Total 194 $14.8B 359 $22.5B

Exits by Deal Type

Type Total # Value
IPO 53 (35%) 335M (1%)
Trade Sale - Public Company 33 (22%) 18.7B (65%)
Secondary Sale 25 (17%) 8.4B (29%)
Trade Sale 13 (9%) 1.5B (5%)
Stake Sale 12 (8%) -
Merger 6 (4%) -
Sold to Management 3 (2%) -
Bankruptcy 2 (1%) -
SPAC 2 (1%) -
Recapitalization 1 (1%) -
Total 150 $28.9B

Top M&A Advisors

Financial Deals
RBC Capital Markets
3
Goldman Sachs
3
Financo
2
Legal Deals
Paul, Weiss, Rifkind, Wharton & Garrison
26
Weil Gotshal & Manges
6
Freshfields Bruckhaus Deringer
4

Deal Values

buy # Total
> $1B 8 $20.2B
$100M to $1B 7 $2.2B
< $100M 3 $111M
TOTAL $22.5B
Largest Coupa Software, Inc.
$8.0B (2022-12-12)
sell # Total
> $1B 11 $23.0B
$100M to $1B 20 $7.5B
< $100M 2 $46M
TOTAL $30.6B
Largest AppDynamics, Inc.
$3.7B (2017-01-25)

M&A Connections

Deals
Acquired from
Investor(s)
9%
33 (9%)
Strategic(s)
3%
9 (3%)
Exited to
Investor(s)
21%
32 (21%)
Strategic(s)
35%
53 (35%)

FAQ

When was General Atlantic founded?

General Atlantic was founded in 1980.

What type of investor is General Atlantic?

General Atlantic is a growth capital firm.

Where is General Atlantic headquartered?

General Atlantic is headquartered in New York, New York.

How much capital does General Atlantic have under management?

General Atlantic has 73.0B USD under management.

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