PIPE • Information Technology

General Atlantic Invests In Smiles

On April 26, 2013, growth capital firm General Atlantic invested in information technology company Smiles

Investment Context

This is General Atlantic’s 20th transaction in the Information Technology sector.
This is General Atlantic’s 8th transaction in Brazil.

Investment Fate

Smiles merged with another company in 2020.

Explore All 26 PIPE Information Technology Deals - Search the Database Free

Investment Summary
Date	April 26, 2013
Target	Smiles
Sector	Information Technology
Investor(s)	General Atlantic
Deal Type	PIPE

Target Company

Smiles

Sao Paulo, Brazil

The Smiles program is a coalition loyalty program that allows members to accrue miles with every flight.

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Investor Overview 1

Investor

General Atlantic

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	114 of 365
Sector: Information Technology	20 of 45
Type: PIPE	10 of 13
Country: Brazil	8 of 19
Year: 2013	5 of 13

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2013-04-04	OneCountry Springdale, Arkansas, United States One Country began as an online destination for country music and southern lifestyle fans across the world. Now One Country is a member-based platform offering incredible giveaways and prizes that support various causes every month. OneCountry was founded in 2009 and is based in Springdale, Arkansas.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2013-04-04

OneCountry

Springdale, Arkansas, United States

One Country began as an online destination for country music and southern lifestyle fans across the world. Now One Country is a member-based platform offering incredible giveaways and prizes that support various causes every month. OneCountry was founded in 2009 and is based in Springdale, Arkansas.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2013-05-30	Allfunds Madrid, Spain Allfunds is a business-to-business mutual fund distribution platform. The Company serves as a global marketplace, helping financial institutions gain access to third-party mutual funds and ETFs for their end customers. Allfunds was founded in 2000 and is based in Madrid, Spain.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2013-05-30

Allfunds

Madrid, Spain

Allfunds is a business-to-business mutual fund distribution platform. The Company serves as a global marketplace, helping financial institutions gain access to third-party mutual funds and ETFs for their end customers. Allfunds was founded in 2000 and is based in Madrid, Spain.

Buy

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