Investment Summary

TA Associates and General Atlantic Invest In Billdesk

On April 3, 2012, private equity firm TA Associates and growth capital firm General Atlantic invested in information technology company Billdesk

Investment Highlights
  • This is TA Associates’ 18th and General Atlantic’s 19th transaction in the Information Technology sector.
  • This is TA Associates’ 4th and General Atlantic’s 9th transaction in India.

Investment Summary

Date 2012-04-03
Target Billdesk
Sector Information Technology
Investor(s) TA Associates
General Atlantic
Deal Type Stake Purchase
Advisor(s) AZB & Partners (Legal)

Target

Billdesk

Mumbai, India
Billdesk provides a wide set of payment options to merchants across e-commerce transactions and bill payments. The company operates as an independent service aggregating multiple banks and merchants to provide electronic bill presentment and payment services, payment gateway services and transaction processing services. Billdesk was founded in 2000 and is based in Mumbai, Maharashtra.

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Investor(S) 2

Investor

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 187 of 375
Sector: Information Technology M&A 18 of 38
Type: Stake Purchase M&A Deals 15 of 39
Country: India M&A 4 of 16
Year: 2012 M&A 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-02 AVG Technologies N.V.

Amsterdam, Netherlands

AVG Technologies N.V. is a provider of software services to secure devices, data and people. AVG’s award-winning consumer portfolio includes internet security, performance optimization, location services, data controls and insights, and privacy and identity protection, for mobile devices and desktops. The award-winning AVG Business portfolio, delivered through a global partner network, provides cloud security and remote monitoring and management (RMM) solutions that protect small and medium businesses around the world.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-19 Zadig & Voltaire

Paris, France

Zadig & Voltaire operates in the luxury segment of the fashion market in Europe. It currently operates approximately 200 boutiques and shop in shops over 20 countries throughout Europe, Asia and North America. Zadig & Voltaire was founded in 1995 and is based in Paris, France.

Buy -
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 102 of 364
Sector: Information Technology M&A 19 of 45
Type: Stake Purchase M&A Deals 17 of 42
Country: India M&A 9 of 25
Year: 2012 M&A 6 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-27 Aceco TI

Brooklin Novo, Brazil

Aceco TI is a premier provider of customized data center solutions in Brazil and Latin America. Headquartered in São Paulo and with offices throughout the region, the company provides design, implementation, installation and maintenance services for data center infrastructure. Aceco has built over 500 data centers throughout its history.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-18 C&J Energy Services

Houston, Texas, United States

C&J Energy Services Inc. is an independent provider of premium hydraulic fracturing, coiled tubing, wireline, pressure pumping and other complementary oilfield services with a focus on complex, technically demanding well completions. C&J Energy Services was formed in 1997 and is based in Houston, Texas.

Buy -