Divestiture • Business Services

General Atlantic Acquires MeteoGroup

On December 16, 2013, growth capital firm General Atlantic acquired business services company MeteoGroup from PA Group for 190M EUR

Acquisition Context
  • This is General Atlantic’s 18th transaction in the Business Services sector.
  • This is General Atlantic’s 16th largest (disclosed) transaction.
  • This is General Atlantic’s 9th transaction in the United Kingdom.
Investment Fate
  • MeteoGroup was sold to a strategic buyer in 2018.

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M&A Deal Summary

Date December 16, 2013
Target MeteoGroup
Sector Business Services
Buyer(s) General Atlantic
Sellers(s) PA Group
Deal Type Divestiture
Deal Value 190M EUR
Advisor(s) Portico Capital Securities (Financial)

Target Company

MeteoGroup

London, United Kingdom
MeteoGroup Ltd. is the global weather authority. Company combine accurate science with advanced technology and local expertise with global reach. MeteoGroup is trusted by hundreds of government agencies, thousands of companies and millions of consumers. With offices in 12 countries around the world, MeteoGroup is perfectly placed to provide local services to a global audience.
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Buyer Overview 1

Buyer

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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 New York, New York.


Deal Context for Buyer #
Overall 122 of 365
Sector: Business Services 18 of 23
Type: Divestiture 4 of 6
Country: United Kingdom 9 of 22
Year: 2013 13 of 13
Size (of disclosed) 16 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-04 Critical Path

San Mateo, California, United States

Critical Path, Inc. is a global provider of messaging, email security, corporate directory and other unified communications solutions. The company’s white-label email and messaging products allow service providers and enterprises to offer comprehensive and customizable messaging solutions that enable millions of people to communicate, connect, share and organize through a reliable, scalable and secure communications platform.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Indusind Bank

Mumbai, India

IndusInd Bank is a private bank delivering a broad range of banking and financial services to both consumers and corporations in India. IndusInd Bank was founded in 1994 and is based in Mumbai, Maharashtra.

Sell -

Seller Profile 1

SELLER

PA Group

Kent, United Kingdom

Category Company
Founded 1989
Sector Environmental
DESCRIPTION

The PA Group (formerly Particle Analysis established in 1989) is a growing independently owned multi services group providing consultancy and contract delivery. Working in property and construction for both private and public clients we provide all asbestos services, general environmental, remediation, assessments and interior refurbishment services. We pride ourselves on handling our clients in a wholly professional manner thereby ensuring their full respect and confidence in our ability to deliver and execute their project.


Deal Context for Seller #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Divestiture 1 of 1
Country: United Kingdom 1 of 1
Year: 2013 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-01 MeteoGroup

London, United Kingdom

MeteoGroup Ltd. is the global weather authority. Company combine accurate science with advanced technology and local expertise with global reach. MeteoGroup is trusted by hundreds of government agencies, thousands of companies and millions of consumers. With offices in 12 countries around the world, MeteoGroup is perfectly placed to provide local services to a global audience.

Buy -