Investment Summary

TCV and General Atlantic Invest In Renren

On February 1, 2006, private equity firm TCV and growth capital firm General Atlantic invested in internet software and services company Renren

Investment Highlights
  • This is TCV’s 4th and General Atlantic’s 3rd transaction in the Internet Software and Services sector.
  • This is TCV’s 1st and General Atlantic’s 3rd transaction in China.
Investment Fate
  • Renren went public in 2011.
  • Renren was sold to a strategic buyer in 2018.

Investment Summary

Date 2006-02-01
Target Renren
Sector Internet Software and Services
Investor(s) TCV
General Atlantic
Deal Type Venture

Target

Renren

Beijing, China
Renren, Inc. (Formerly Oak Pacific Interactive Corp.) is an online and wireless Chinese social network and rich media community. Renren was founded in 2002 and is based in Beijing, China.

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Investor(S) 2

Investor

TCV

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 21.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $10 and $500 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.


DEAL STATS #
Overall 27 of 85
Sector: Internet Software and Services M&A 4 of 26
Type: Venture M&A Deals 17 of 30
Country: China M&A 1 of 1
Year: 2006 M&A 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Whitepages.com

Seattle, Washington, United States

Whitepages.com, Inc. is an online provider of contact information services to consumers offering users a simple, fast and reliable way to identify the personal and business contact information they need.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-20 Adknowledge

Kansas City, Missouri, United States

Adknowledge is a digital advertising technology company, specializing in helping demanding clients get a great ROI from their digital media spending, in a brand safe way, at scale. Adknowledge was founded in 2004 and is based in Kansas City, Missouri.

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 43 of 364
Sector: Internet Software and Services M&A 3 of 78
Type: Venture M&A Deals 6 of 98
Country: China M&A 3 of 33
Year: 2006 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-23 Navigon AG

Hamburg, Germany

NAVIGON AG is a German navigation company. NAVIGON provides GPS navigation for PNDs, smartphones and other platforms. NAVIGON develops software for all relevant operating systems. NAVIGON was established in 1991, with subsidiaries in, Europe, Asia and North America.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-20 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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