Growth Capital • Information Technology

Ontario Teachers Pension Plan and General Atlantic Invest In Sea

On March 2, 2015, pension Ontario Teachers Pension Plan and growth capital firm General Atlantic invested in information technology company Sea

Investment Context
  • This is Ontario Teachers Pension Plan’s 8th and General Atlantic’s 23rd transaction in the Information Technology sector.
  • This is Ontario Teachers Pension Plan’s 1st and General Atlantic’s 3rd transaction in Singapore.
Investment Fate
  • Sea went public in 2017.

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Investment Summary

Date March 2, 2015
Target Sea
Sector Information Technology
Investor(s) Ontario Teachers Pension Plan
General Atlantic
Deal Type Growth Capital

Target Company

Sea

Singapore, Singapore
Sea is a global consumer internet company that operates three core businesses across digital entertainment, e-commerce, and digital financial services, known as Garena, Shopee, and SeaMoney, respectively. Garena is a global online games developer and publisher. Shopee is a pan-regional e-commerce platform in Southeast Asia and Taiwan. SeaMoney is a growing digital financial services platform in Southeast Asia. Sea was founded in 2009 and is based in Singapore.
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Investors Overview 2

Investor

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 116.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


Deal Context for Investor #
Overall 80 of 176
Sector: Information Technology 8 of 14
Type: Growth Capital 2 of 18
Country: Singapore 1 of 3
Year: 2015 5 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-09 European Camping Group

Aix-en-Provence, France

European Camping Group is a provider of holiday camping and mobile homes to customers. European Camping Group was formed in 1989 and is based in Aix-en-Provence, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-10 Blue Coat Systems

Sunnyvale, California, United States

Blue Coat is an enterprise security, providing on-premise, hybrid and cloud-based solutions for protecting web connectivity, combating advanced threats and responding to security breaches. Blue Coat is the global market leader in securing connection to the web and counts nearly 80 percent of the Global Fortune 500 as its customers.

Sell $2.4B
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 145 of 365
Sector: Information Technology 23 of 45
Type: Growth Capital 63 of 139
Country: Singapore 3 of 4
Year: 2015 5 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-01 Oak Street Health

Chicago, Illinois, United States

Oak Street Health is a growing and innovative population health business operating primary care clinic focused on Medicare beneficiaries. Oak Street Health was founded in 2012 and is headquartered in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-11 Decolar

Sao Paulo, Brazil

Decolar is an online travel agency in Brazil and across Latin America. The company, through its branded websites Despegar.com (in greater Latin America) and Decolar.com (in Brazil), provides online airline and hotel booking services to leisure and unmanaged business travelers in Latin America. Decolar was founded in 2000 and is based in Sao Paulo, Brazil.

Sell -