First Read April 1

peHUB First Read

Don’t be fooled on this April 1st, keep up to speed with what’s going on with the latest private equity news including the an Asian deals update, why the industry continues to live in the shadows and where to find employee compensation data to help benchmark your firm.

Actis invests in AutoXpress

Global emerging market investor Actis has made a 36% equity investment in the AutoXpress group. Te business is an East African tyre wholesaler and retailer.

Actis to sell Sterling Hospital

Actis will sell its majority shareholding investment in Sterling Hospital, a healthcare provider in Gujarat. Actis invested in the Indian healthcare chain in 2006.

AES to sell Cameroon businesses to Actis

The AES Corporation is to sell its electric generation and distribution businesses in Cameroon to Actis, a global pan-emerging market investor, for $220 million of net equity proceeds. Total net equity proceeds from the three sales are expected to be $236 million.

Actis invests in Indian pharma company – Reuters

Private equity firm Actis has invested $48 million in Indian pharmaceuticals company Symbiotec Pharmalab for a significant stake, writes Reuters. Symbiotec is a specialist producer of steroid-hormone active pharmaceutical ingredients and has over 200 customers, including large multinationals as well as generic pharmaceutical companies.

Actis makes two senior hires

Pan-emerging markets private equity firm Actis has appointed Sachin Korantak as head of industrials and Andreas von Paleske as director of consumer. Both Sachin and Andreas take up their posts with immediate effect and will be based in Actis’s London office.

Actis Expands South East Asia Senior Team

Pan-emerging markets private equity firm Actis has appointed Arjun Oberoi as global healthcare sector head and Ivy Santoso as Indonesian country head. Actis invests exclusively in emerging markets with a growing portfolio of investments in Asia, Africa and Latin America.

peHUB First Read

This morning the latest headlines reveal a new VC scheme tapping Australia’s superannuation industry, UK leading the way with European VC funding with Russia dominating growth and a breakdown of 2012 tech acquisitions.

Actis Backs Chinese Healthcare

Actis has made a significant minority investment in Nanjing Micro-Tech, a manufacturer of specialist medical equipment to both Chinese and international hospitals and surgeries. This investment builds on Actis’ strong track record of healthcare investments in India.

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