Investment Summary

General Atlantic Invests In Patni Computer Systems

On September 12, 2002, growth capital firm General Atlantic invested in information technology company Patni Computer Systems

Investment Highlights
  • This is General Atlantic’s 5th transaction in the Information Technology sector.
  • This is General Atlantic’s 16th transaction in the United States.
  • This is General Atlantic’s 3rd transaction in Massachusetts.
Investment Fate
  • Patni Computer Systems was sold to a consortium of buyers in 2011 for 1.2B USD.

Investment Summary

Date 2002-09-12
Target Patni Computer Systems
Sector Information Technology
Investor(s) General Atlantic
Deal Type Growth Capital

Target

Patni Computer Systems

Cambridge, Massachusetts, United States
Patni is a global provider of strategic IT consulting and implementation services, turnkey projects and on-site technical services. Patni offers a full range of services and solutions covering IT consulting, software development outsourcing, contact center operations and business process outsourcing to customers in the financial services, manufacturing, life sciences, communications, and media & entertainment sectors.

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Investor(S) 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 STATS #
Overall 20 of 364
Sector: Information Technology M&A 5 of 45
Type: Growth Capital M&A Deals 9 of 139
State: Massachusetts M&A 3 of 16
Country: United States M&A 16 of 175
Year: 2002 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-13 Ixos Software AG

Grasbrunn, Germany

Ixos Software AG provides enterprise content management solutions. Its Enterprise Content Management solutions enable customers to create, deliver, and manage any content throughout and outside their enterprise, including business application data, documents, e-mail, Web pages, and media.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-12 Daksh eServices Pvt.

Gurgaon, India

Daksh eServices Pvt. Ltd. is a provider of business process outsourcing (BPO) services.

Buy -