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General Atlantic acquires stake in Torex Retail31/08/2007. Source: AltAssets. 
 US private equity firm General Atlantic has completed its acquisition of a 33 per cent equity stake in Banbury, Oxfordshire-headquartered retail systems provider Torex Retail Holdings for an undisclosed amount.
Torex Retail provides software, hardware and services to retailers and employs 2,100 staff across 19 countries. Cerberus Capital Management bought the distressed company in June 2007.
General Atlantic manages approximately $15bn in capital and has offices in Greenwich, New York, Palo Alto, London, Düsseldorf, Hong Kong and Mumbai.
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