Latest news with #GeneralAtlantic
Yahoo
6 days ago
- Business
- Yahoo
Ordinary General Meeting of June 27, 2025, in View of the Potential Sale of the PlanetArt Division
PARIS, May 23, 2025--(BUSINESS WIRE)--Regulatory News: Claranova (Euronext Paris: FR0013426004 - CLA) announces that discussions with General Atlantic Credit's Atlantic Park fund and PlanetArt's Management Team regarding the potential sale of its PlanetArt division, announced on March 3, 20251, are advancing while the terms and conditions under which the sale would take place are not yet final. As announced, Claranova's objective remains to close this transaction before the end of June. In order to achieve this, and in view of the legal deadlines, the Board of Directors has decided to call an Ordinary General Meeting for the purpose, in particular, of approving the said sale. Therefore, Claranova informs its shareholders that its Ordinary General Meeting will be held on Friday, June 27, 2025, at 11:00 a.m. CET at the Business Center Tour Egée, 9-11 allée de l'Arche, 92400 Courbevoie. The preliminary convening notice, including the agenda and the draft resolutions to be submitted to the General Meeting, is published today in the Bulletin des Annonces Légales Obligatoires (BALO) and also on the Company's website in the Investors/Shareholder's Meeting section. Details of how to participate and vote at this Meeting are provided in the notice. In compliance with legal and regulatory conditions, documents and information relating to this General Meeting will be made available to shareholders and may be consulted on the Company's website as from June 6, 2025. The voting platform (VOTACCESS) for this General Meeting will be open as from June 11, 2025, and the possibility to vote via Internet will close on June 26, 2025, at 3:00 p.m. CET. Shareholders are informed that a convening notice will be published in the BALO at least fifteen days before the date of the Ordinary General Meeting, specifying any changes to the agenda and any amendments resulting from requests for the inclusion of draft resolutions. In the meantime, Claranova will keep its shareholders and the public informed of any developments in the discussions regarding this transaction. Financial calendar: July 31, 2025: FY 2024-2025 revenueOctober 29, 2025: FY 2024-2025 results About Claranova: Claranova is a global leader in e-commerce for personalized objects (photo prints, photo books, children's books, etc.) and software publishing (PDF, Photo and Security). As a truly international group, in 2024 it reported revenue of nearly a half a billion euros, with 95% of this amount originating from outside France. Through its products and solutions sold in over 160 countries, the Group's mission is to "Transform technological innovation into user-centric solutions". By leveraging its digital marketing expertise, AI and the analysis of data from over 100 million active customers worldwide, Claranova develops technological solutions, available online, on mobile devices and tablets, for a wide range of private and professional customers. Operating in high-potential markets, the Group will pursue a growth strategy focused on profitability and operational excellence, in line with its "One Claranova" strategic roadmap. Claranova is eligible for French "PEA-PME" tax-advantaged savings more information on Claranova Group: or Disclaimer: All statements other than statements of historical fact included in this press release about future events are subject to (i) change without notice and (ii) factors beyond the Company's control. Forward-looking statements are subject to inherent risks and uncertainties beyond the Company's control that could cause the Company's actual results or performance to be materially different from the expected results or performance expressed or implied by such forward-looking statements. _________________________ 1 Press release March 3, 2025 View source version on Contacts ANALYSTS - INVESTORS +33 1 41 27 19 74ir@ FINANCIAL COMMUNICATIONS +33 1 75 77 54 68ir@ Sign in to access your portfolio
Yahoo
16-05-2025
- Business
- Yahoo
Montagu-Backed Wireless Logic Welcomes General Atlantic as Minority Shareholder
LONDON, May 16, 2025--(BUSINESS WIRE)--Wireless Logic (or "the Company"), a leading independent global Internet of Things ("IoT") solutions provider, welcomes General Atlantic, a leading global investor, as a new minority shareholder, through investment from the firm's BeyondNetZero climate growth equity fund. The Company's existing shareholder, Montagu, a leading mid-market private equity firm, will remain the majority shareholder, reinvesting alongside General Atlantic. The transaction, which values Wireless Logic at £3.5 billion, is subject to customary closing conditions and is expected to close in the third quarter of 2025. Founded in 2000 and headquartered in the UK, Wireless Logic is the global leader in IoT connectivity, dedicated to bridging the physical and digital worlds with seamless, secure, and scalable solutions for businesses in any sector. The platform helps clients from a diverse range of industries connect and manage all their IoT devices, no matter the device, geography or network, in a single platform. The Company is net zero aligned through its commitment to SBTi, and plays a key role in enabling a vast range of IoT connected energy transition and climate applications, including smart grids, micro-mobility, industrial optimisation, and precision agriculture. With continued backing from Montagu and the additional support of General Atlantic, Wireless Logic is primed to continue its high growth trajectory. By pursuing an organic investment and active acquisition strategy, Wireless Logic is expected to further strengthen its market-leading position by driving global geographic expansion, diversifying market channels, and enhancing its platform offering. Partnering with General Atlantic will bring complementary global scale and network, as well as technological and operational capabilities, including the experience from General Atlantic's Vice Chairman of EMEA, Vittorio Colao, who previously served as Minister of Technological Innovation and Digital Transition for the Italian government and as CEO of Vodafone Group. Mr. Colao joins Wireless Logic's Board alongside existing Chairman, Sir Michael Rake, who previously served as Chairman of BT Group and President of the Confederation of British Industry. Wireless Logic Co-Founder and CEO Oliver Tucker said: "Wireless Logic, Montagu and General Atlantic share a collective ambition to reinforce Wireless Logic's market leadership and mission to simplify and automate IoT connectivity and management for customers globally, as well as create value for investors and establish a great place to work. I look forward to the next phase of our growth journey." Ed Shuckburgh, Managing Partner - CEO at Montagu said: "We are excited to continue backing Wireless Logic through the next stage of growth having first invested in the business in 2018. This reinvestment demonstrates our continued confidence in Wireless Logic's exceptional growth trajectory, and we are thrilled to have General Atlantic partnering alongside us. We are enthusiastic about the opportunity for Wireless Logic as it continues to cement its position as the Internet of Things solutions provider of choice for customers globally." Gabriel Caillaux, Co-President, Global Head of Climate, and Head of General Atlantic's EMEA business, said: "We are pleased to support the next stage of Wireless Logic's journey in partnership with Montagu. Wireless Logic has positioned itself as a leader in the rapidly expanding IoT market, and in turn as a key enabler of the energy and climate transition, providing data transparency, operational efficiency, and cost reductions across industries to accelerate energy efficiency for the future. We believe there is a strong opportunity for the Company to achieve further growth, through transformational M&A, which it has already proved itself adept at, and continued geographic expansion across Europe, North America, LATAM, and APAC. "From its founding in 2000, Wireless Logic has demonstrated strong resilience, by building a highly diversified customer base and generating uninterrupted growth since inception. We look forward to partnering with Montagu and Wireless Logic's high quality management team as the Company embarks on its next stage of growth." Montagu was advised by Rothschild & Co as financial advisor and Freshfields as legal advisor. General Atlantic was advised by William Blair as financial advisor, Weil Gotshal & Manges LLP as legal advisor and Analysys Mason as technology advisor. About Montagu Montagu is a leading mid-market private equity firm, committed to finding and growing businesses that make the world work. Focussing on businesses with a must-have product or service in a structurally growing marketplace, Montagu brings proven growth capabilities to help companies achieve their ambitions and unlock their full potential. Montagu specialises in carve-out and other first time buyout investments and has deep expertise in five priority sectors: Healthcare, Financial Sector Services, Critical Data, Digital Infrastructure and Education. ESG forms an integral part of its strategy, and its commitment to responsible investment is fully integrated into its investment and value-creation process. Montagu partners with companies with enterprise values between €200 million and €1 billion and has €14 billion of assets under management. For additional information on Montagu, visit About Wireless Logic Wireless Logic is a leading global IoT solutions provider that simplifies and automates IoT connectivity and management for any device, anywhere. With more than 18 million IoT devices connected across 165 countries to over 750 global networks, Wireless Logic provides global coverage and ultra-local services that help to fast-track the success of customer projects. With its purpose-built platform and dedicated IoT network, Wireless Logic enables customers to securely connect and manage assets across any network and number of deployments. For customers, this simplifies supply chains, accelerates time to market, lowers the total cost of ownership and delivers connectivity solutions that just work. Wireless Logic works in partnership with 25,000+ enterprises and businesses to ensure that IoT solutions are designed, tested, deployed and scaled to meet the needs of each specific use case. Ultimately, Wireless Logic delivers the most flexible, resilient and secure connectivity solutions in the market across sectors including agriculture, healthcare, industry 4.0, security, transport, energy, utilities and smart cities. For additional information on Wireless Logic, visit About General Atlantic and BeyondNetZero General Atlantic is a leading global investor with more than four decades of experience providing capital and strategic support for over 830 companies throughout its history. Established in 1980, General Atlantic continues to be the dedicated partner to visionary founders and investors seeking to build dynamic businesses and create long-term value. Guided by the conviction that entrepreneurs can be incredible agents of transformational change, the firm combines a collaborative global approach, sector-specific expertise, a long-term investment horizon, and a deep understanding of growth drivers to partner with and scale innovative businesses around the world. The firm leverages its patient capital, operational expertise, and global platform to support a diversified investment platform spanning Growth Equity, Credit, Climate, and Sustainable Infrastructure strategies. BeyondNetZero is the climate growth equity fund of General Atlantic that invests in growth companies delivering innovative climate solutions that have the potential to meet and exceed net-zero emissions targets, with a focus on decarbonization, energy efficiency, resource conservation and emissions management. General Atlantic manages approximately $108 billion in assets under management, inclusive of all strategies, as of March 31, 2025, with more than 900 professionals in 20 countries across five regions. For more information on General Atlantic, please visit: View source version on Contacts Media enquiries – Montagu Greenbrook: James Madsen+44 20 7952 2000 | montagu@ Media enquiries – General Atlantic Jess Gill+44 20 7484 3200 | media@ Media enquiries – Wireless Logic FINN Partners: Richard Scarlett+44 20 3217 7060 | wirelesslogic@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Times
15-05-2025
- Business
- Times
Wireless Logic sells minority stake, valuing business at £3.5bn
One of the founders of a telecoms company has sold a stake to a US private equity firm, valuing the business at £3.5 billion, or 100 times what he paid the Dragons' Den investor Peter Jones for it in 2011. Oliver Tucker, co-founder and chief executive of Maidenhead-based Wireless Logic, said General Atlantic had acquired a minority stake for an undisclosed sum in the global business, which employs about 1,000 people. As part of the deal Vittorio Colao, the former chief executive of Vodafone, who is a vice-chairman at General Atlantic, joins the Wireless Logic board, which is chaired by Sir Michael Rake, a former chairman of BT. In 2011, Tucker and his fellow co-founder Philip Cole bought back the business they had set up
&w=3840&q=100)
Business Standard
13-05-2025
- Business
- Business Standard
General Atlantic cuts 10% stake in KFin Technologies for ₹1,790 crore
Private equity firm General Atlantic, promoter entity of KFin Technologies, on Tuesday pared a 10 per cent stake in the financial services platform for Rs 1,790 crore through open market transactions. New York-headquartered General Atlantic, through its arm -- General Atlantic Singapore Fund Pte -- sold 1.72 crore shares or 10 per cent stake in Mumbai-based KFin Technologies in two separate tranches, as per the bulk deal data on the NSE. The shares were offloaded in the price range of Rs 1,040.31-1,041.56 apiece on the National Stock Exchange (NSE), taking the combined transaction value to Rs 1,790.41 crore. After the transaction, General Atlantic's holding in KFin Technologies fell to 21.98 per cent from 31.98 per cent. Meanwhile, Societe Generale, Kotak Mahindra Mutual Fund and Copthall Mauritius Investment purchased a total of 63.23 lakh shares or 3.68 per cent holding in KFin Technologies for Rs 657 crore. As per the data, Societe Generale bought 34.47 lakh shares of KFin Technologies, Kotak Mahindra Mutual Fund acquired 19.32 lakh scrips of the company, and Copthall Mauritius Investment picked up 9.44 lakh shares of the financial services platform. The shares were picked up by the three entities in the price range of Rs 1,040-1,040.66 apiece. Details of the other buyers of KFin Technologies' shares could not be ascertained on the exchange. Shares of KFin Technologies on Tuesday plunged 5.81 per cent to close at Rs 1,052.90 apiece on the NSE. In May last year, General Atlantic divested a 5.8 per cent stake in KFin Technologies for Rs 712 crore. KFin Technologies, listed in December 2022, raised a total of Rs 1,500 crore via an initial public offering, which was entirely an offer for sale by its promoter General Atlantic Singapore. Incorporated in 2017, KFin Technologies provides services and solutions to asset managers and corporate issuers across asset classes.
Bloomberg
13-05-2025
- Business
- Bloomberg
Actis Raises $1.7 Billion for Second Long Life Infra Fund
Takeaways NEW Actis, an investment firm which was acquired by General Atlantic, has raised $1.7 billion for its new emerging markets-focused infrastructure fund. The global infrastructure investor has already deployed nearly 50% of Actis Long Life Infrastructure Fund 2 and has a near-term deal pipeline of more than $2 billion, according to a statement reviewed by Bloomberg News.
