William Blair acted as the exclusive financial advisor to General Atlantic, in connection with its undisclosed minority investment in Wireless Logic, a portfolio company of Montagu. The minority investment was made out of General Atlantic’s BeyondNetZero climate growth equity fund. The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions.
About the Companies
General Atlantic is a leading global investor with more than four decades of experience providing capital and strategic support for over 830 companies throughout its history. Established in 1980, General Atlantic continues to be the dedicated partner to visionary founders and investors seeking to build dynamic businesses and create long-term value. Guided by the conviction that entrepreneurs can be incredible agents of transformational change, the firm combines a collaborative global approach, sector-specific expertise, a long-term investment horizon, and a deep understanding of growth drivers to partner with and scale innovative businesses around the world. The firm leverages its patient capital, operational expertise, and global platform to support a diversified investment platform spanning growth equity, credit, climate, and sustainable infrastructure strategies. BeyondNetZero is the climate growth equity fund of General Atlantic that invests in growth companies delivering innovative climate solutions that have the potential to meet and exceed net-zero emissions targets, with a focus on decarbonization, energy efficiency, resource conservation and emissions management. General Atlantic manages roughly $108 billion in assets under management, inclusive of all strategies, as of March 31, 2025, with more than 900 professionals in 20 countries across five regions.
Founded in 2000, Wireless Logic is a leading global IoT solutions provider that simplifies and automates IoT connectivity and management for any device, anywhere. With more than 18 million IoT devices connected across 165 countries to over 750 global networks, the company provides global coverage and ultra-local services that help to fast-track the success of customer projects.
Montagu is a leading mid-market private equity firm, committed to finding and growing businesses that make the world work. Focusing on businesses with a must-have product or service in a structurally growing marketplace, the firm brings proven growth capabilities to help companies achieve their ambitions and unlock their full potential. Montagu partners with companies with enterprise values between €200 million and €1 billion and has €14 billion of assets under management.
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