General Atlantic injects $250m into Greensill

GA's investment values Greensill at $1.64bn. The company stated it would use the fresh funding to fuel growth by developing new partnerships with corporates, bolstering existing client relationships, and investing in technology.

Further financial details were not disclosed.

GA secured a stake of less than 10% in the business, Unquote understands. This is GA's largest growth capital investment in the UK for some time, with the firm most recently investing $250m in Markit for a minority stake back in 2010.

Company
Established in 2011, Greensill provides businesses with alternative sources of funding to pay their suppliers faster. In addition to investing its own capital, Greensill also makes use of the capital markets to provide some of the financing.

The London-based company stated it had provided more than $40bn in financing since inception, across 50 countries. According to the latest publicly available information, Greensill posted revenues of $115.9m in 2017, with profit before tax of $33m.

People
General Atlantic – Gabriel Caillaux (managing director).

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• Topics
• Expansion
• UK / Ireland
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• General Atlantic
• United Kingdom