Mike McTighe Named Special Advisor to General Atlantic in Europe

GREENWICH, Conn., Feb. 9 /PRNewswire/ -- General Atlantic LLC ("GA"), a leading global growth equity firm, today announced that Mike McTighe, Chairman of Pace, Volex Group and WYG Group, has been named a Special Advisor to the firm. In this role, Mr. McTighe will provide strategic counsel to GA and its portfolio companies with a focus on the European region, supporting the firm's active value-added approach to partnering with growth companies.

Founded in 1980, GA has been an active investor in Europe for over two decades, with a strong history of identifying, investing in and supporting European growth companies including Markit, amedes Group, GlobalCollect, Saxo Bank and Xchanging. With a target investment size of 31 million pounds Sterling ($50 million) and 310 million pounds Sterling ($500 million), GA manages approximately 9.4 billion pounds Sterling ($15 billion) and invests between 0.6 billion pounds Sterling ($1.0 billion) and 1.5 billion pounds Sterling ($2.5 billion) per year in growth opportunities globally.

GA's Special Advisor network consists of experienced industry executives who work closely with GA's investment professionals in identifying new opportunities as well as providing in depth expertise to GA's portfolio companies.

John Bernstein, managing director and head of General Atlantic in Europe, said, "We are excited that Mike has joined GA's European team in this important role. Having served in management roles for numerous successful companies, his extensive experience will be valuable to GA's investment activities in Europe. We are very pleased to add Mike to our team."

Mike McTighe added, "General Atlantic's global network and focus on growth has proven to be of exceptional value to European companies over the past decade. I am excited to collaborate with John and the GA team in Europe to build on industry and regional trends and develop opportunities, as well as to help GA's portfolio companies realize their growth initiatives."

Mr. McTighe currently serves as Chairman of the companies Pace, Volex Group, and WYG Group, and is a senior independent director of Betfair Ltd. He is also a member of the Board of Directors of the United Kingdom's Office of Communications, and a member of the Turnaround Panel at Lloyds Bank Group. He was recently voted the UK Quoted Companies 2010 Chairman of the Year.

Mr. McTighe previously served as Chairman and CEO of Carrier1 International SA, and before that as Executive Director and Chief Executive, Global Operations of Cable & Wireless.

About General Atlantic

General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. GA combines a collaborative global approach, sector specific expertise, long-term investment horizon and a deep understanding of growth drivers to partner with great management and build exceptional businesses worldwide. Established in 1980, GA manages approximately 9.4 billion pounds Sterling ($15 billion) in capital and has more than 75 investment professionals based in Greenwich, New York, Palo Alto, London, Dusseldorf, Hong Kong, Beijing, Mumbai and Sao Paulo. For further information and a listing of GA's public and private portfolio companies see www.generalatlantic.com.

SOURCE General Atlantic LLC