general atlantic

Travel agency Ctrip will work with private equity firm General Atlantic to capture investment opportunities in the fast-growing Chinese tourism sector.

Youku Tudou rallies after a Temasek affiliate raises $185 million from the sale of its entire stake, while Soufun falls below the placement price after General Atlantic reduces its holdings by $124 million.

General Atlantic reduces its stake in Chinese auto retailer Zhongsheng for the third time since its IPO, while an existing shareholder sells $66 million of shares in Indonesian property developer Summarecon.

General Atlantic reduces its stake in Chinese car retailer Zhongsheng to 7.5%, while the controlling shareholder of Indonesian supermarket chain Alfamart pockets $103 million and gives the free-float a boost.

iGate tables a winning $1.22 billion bid for Patni Computer Systems with the backing of private equity firm Apax Partners and debt commitments from Jefferies and RBC.

The Chinese car dealer decides to sell a smaller portion of its enlarged share capital at this time, believing that the stock will command a higher valuation in the long term, sources say.

TPG, Newbridge Asia and General Atlantic offload part of their combined stake in the Chinese PC maker at a 3% discount.

The media and communications-focused private equity firm brings Sean Tong across from General Atlantic to add strength to its Hong Kong team.

The $368 million placement is completed at a 6.5% discount. The company's share price drops 7.1% in response.