GREENWICH, Conn., June 26 /PRNewswire/ -- General Atlantic LLC (GA), a leading global growth equity firm, today announced that Dinyar S. Devitre, the former Chief Financial Officer of Altria Group, a multi-billion dollar consumer products company, and a former Executive Vice President at Citigroup in Europe, has become a Special Advisor to the firm. In this role, Mr. Devitre will provide financial expertise and strategic counsel to GA and its portfolio companies.
Founded in 1980, GA has a long history of identifying, investing in and supporting growth companies in the U.S., Europe and Asia. With a target investment size of $50 million to $500 million, GA manages approximately $17 billion and invests about $2 billion per year in growth opportunities globally. GA's Special Advisor network consists of several 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.
William Ford, Chief Executive Officer of General Atlantic, noted, "We are privileged to have Dinny, a leading financial executive, join the GA team. His experience, energy and global relationships will support and complement our efforts to identify and support leading growth companies around the world. Moreover, Dinny's domestic and international track record and public company financial expertise will prove invaluable to our public and private portfolio companies."
Mr. Devitre said, "I am delighted to work with General Atlantic, which I believe is uniquely positioned to serve as a value-added partner to leading growth companies throughout the world. I look forward to being actively involved with GA's portfolio companies, as well as collaborating with the GA team to identify important industry trends, especially in the consumer products industry on a global basis."
Mr. Devitre served as Senior Vice President and Chief Financial Officer of Altria Group Inc. from 2002 to 2008. He served as Executive Vice President at Citigroup Inc. and Citibank in Europe from 1998 to 2001. Before his assignment at Citigroup, Mr. Devitre's career with the Altria Group family of companies spanned a 27-year period in which he served in a variety of executive positions.
Mr. Devitre is a Director and Chairman of the Audit Committee at Western
Union Company. He is also a director at Altria Group and SABMiller Plc. He
serves as a Trustee of the Asia Society and Brooklyn Academy of Music and is a
director of Lincoln Center Inc. Mr. Devitre earned a B.A. degree at
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. Founded in 1980, GA manages approximately $17 billion in capital and has more than 75 investment professionals based in Greenwich, New York, Palo Alto, London, Dusseldorf, Hong Kong, Mumbai and Sao Paulo. For further information and a listing of GA's public and private portfolio companies see www.generalatlantic.com.
Media Contacts:
Pat Hedley
General Atlantic
203-629-8658
phedley@generalatlantic.com
Adam Weiner/Peter Hill
Kekst and Company
212-521-4800
adam-weiner@kekst.com
peter-hill@kekst.com
SOURCE General Atlantic LLC
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