General Atlantic Appoints Enrique L. Castillo, Javier Molinar and Luis F. Cervantes as Special Advisors in Mexico

  General Atlantic Appoints Enrique L. Castillo, Javier Molinar and Luis F.
                   Cervantes as Special Advisors in Mexico

PR Newswire

GREENWICH, Conn. and SAO PAULO, Brazil, Feb. 5, 2013

GREENWICH, Conn. and SAO PAULO, Brazil, Feb. 5, 2013 /PRNewswire/ -- General
Atlantic LLC ("GA"), a leading global growth equity firm, today announced that
it has appointed Enrique L. Castillo, Javier Molinar and Luis F. Cervantes as
Special Advisors. Mr. Castillo, Mr. Molinar and Mr. Cervantes will work with
GA's Latin America team to help identify business opportunities in Mexico.

With approximately US$ 17 billion in capital under management, GA invests in
and provides strategic support for growth companies around the world. In
Latin America, GA has invested over US$ 1.5 billion in companies including
Sura Asset Management, BM&FBOVESPA, Decolar.com, Aceco TI, MercadoLibre and
Linx.

"We are pleased to welcome Enrique, Javier and Luis to our global team of
advisors to help us evaluate investment opportunities in Mexico," said William
Ford, CEO of General Atlantic. "Their expertise will be very helpful to our
team and is in keeping with our philosophy of building local expertise to help
companies grow globally."

Martin Escobari, Managing Director and Head of GA's Latin America investing
program, added, "We are already active in Mexico through many of our portfolio
companies which have local operations. As Mexico enters a new phase of rapid
reforms and economic growth, we look forward to partnering with Mexican
entrepreneurs to fund and support the expansion plans of their companies."

Enrique L. Castillo is former Chairman and CEO of Ixe Grupo Financiero, which
merged in 2010 with Grupo Financiero Banorte. He currently acts as a board
member of Banorte. In addition, Mr. Castillo is the former head of the
Mexican Bankers Association and member of the board of Grupo Casa Saba, Medica
Sur, Grupo Aeroportuario del Pacifico, Grupo Herdez, Grupo Alfa, Cultiva and
Southern Copper Corporation. Mr. Castillo recently co-founded Ventura, a
private investment vehicle with Mr. Molinar.

Javier Molinar, co-founder with Mr. Castillo of Ventura, was the CEO of Ixe
Grupo Financiero prior to the merger with Grupo Financiero Banorte in 2010. He
currently serves as independent member of the board of Grupo Gigante, where he
is a member of the Finance and Planning and Strategic Advisory Committees.

Luis F. Cervantes is the co-founder and Chairman of Finaccess Mexico, an asset
management firm with operations in Mexico and the US. Prior to Finaccess, Mr.
Cervantes was CEO of Multivalores Grupo Financiero. He also spent six years as
Senior Vice-President of Citibank Mexico. In addition, Mr. Cervantes is a
board member of Finaccess Mexico, Prologis Fondo Logistico Mexico (CK'd) and
Colegio de San Ildefonso and a former board member of Comercial Mexicana,
Mexican Bankers Association, Multivalores Grupo Financiero and Universidad
Iberoamericana.

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 $17 billion in capital and has more than 80 investment
professionals based in Greenwich, Connecticut, New York, and Palo Alto in the
US; and with global offices in Sao Paulo, London, Munich, Hong Kong, Beijing,
Singapore and Mumbai.

For further information and a listing of GA's public and private portfolio
companies, see www.generalatlantic.com.

Media Contacts:

Patricia Hedley
General Atlantic
203-629-8658
phedley@generalatlantic.com

Adam Weiner or Peter Hill
Kekst and Company
212-521-4800
adam-weiner@kekst.com or peter-hill@kekst.com

SOURCE General Atlantic

Website: http://www.generalatlantic.com
 
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