General Atlantic Invests in Plusgrade

Paul, Weiss is advising General Atlantic in its strategic growth investment in Plusgrade, a global leader powering ancillary revenue solutions for the travel industry. General Atlantic will join existing investor CDPQ; Novacap will fully exit its stake in Plusgrade. Financial terms of the transaction were not disclosed.

General Atlantic intends to partner with Plusgrade to support the company’s continued growth, including through the acceleration of new business segments and go-to-market efforts, strategic M&A opportunities and key operational initiatives.

The Paul, Weiss team is led by corporate partners Neil Goldman and Samuel Welt, and includes, among others, partners Matthew Abbott, Suhan Shim, Robert Zochowski and Manuel Frey and counsel Michael Spirtos, Marc Shepsman, Christopher Dickson and Nathan Mitchell; tax partner Lindsay Parks and counsel Mashiho Yuasa; executive compensation partner Jarrett Hoffman and counsel Sasha Belinkie; intellectual property partner Jonathan Ashtor; litigation partners Mark Mendelsohn, John Carlin, Roberto Gonzalez and Jessica Carey and counsel Steven Herzog and Daniel Levi; real estate partner Peter Fisch; antitrust counsel Todd Hahn and Marta Kelly; and international trade counsel Richard Elliott.