Growth Capital • Information Technology

General Atlantic Invests In Claritev

On January 2, 2004, growth capital firm General Atlantic invested in information technology company Claritev

Investment Context
  • This is General Atlantic’s 7th transaction in the Information Technology sector.
  • This is General Atlantic’s 17th transaction in the United States.
  • This is General Atlantic’s 1st transaction in Virginia.
Investment Fate
  • Claritev was sold to a consortium of financial buyers in 2006.
  • Claritev was sold to a consortium of financial buyers in 2010 for 3.1B USD.
  • Claritev was sold to a consortium of financial buyers in 2014 for 4.4B USD.
  • Claritev was sold to a consortium of financial buyers in 2016.
  • Claritev was sold to a consortium of financial buyers in 2020.

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Investment Summary

Date January 2, 2004
Target Claritev
Sector Information Technology
Investor(s) General Atlantic
Deal Type Growth Capital

Target Company

Claritev

McLean, Virginia, United States
Claritev is a provider of technology-enabled healthcare cost management solutions. Claritev provides a single gateway to a host of analytics- and network-based solutions for managing the financial risks associated with medical claims, as well as solutions that improve payment integrity by resolving waste, abuse, and fraud before payments are made. Claritev was founded in 1980 and is based in McLean, Virginia.
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Investor Overview 1

Investor

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 Investor #
Overall 25 of 364
Sector: Information Technology 7 of 45
Type: Growth Capital 13 of 139
State: Virginia 1 of 4
Country: United States 17 of 175
Year: 2004 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-19 EXE Technologies

Dallas, Texas, United States

EXE Technologies, Inc. develops software that focuses on supply chain execution processes, including warehouse management, fulfillment, collaboration, inventory management, and supply network execution.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-06 Zantaz

Pleasanton, California, United States

ZANTAZ, Inc. operates in the archiving, e-Discovery, and proactive information risk management markets. It offers proactive information risk management solutions ranging from consolidated archiving of information sources, including email, IM, enterprise systems, and voice and video, to discovery and review, advanced eDiscovery, real-time policy management, and analytics based on a common platform, IDOL.

Buy -