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Actis backs Mexican energy platform

Actis is committing $250 million to establish a Mexican energy platform, Zuma Energía, which will target over 500 MW of installed capacity in the country. Zuma Energía has completed its first acquisition and closed the financing of PE Ingenio, a 50 MW wind farm located in the state of Oaxaca.

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Actis exits South Africa’s Alexander Forbes

Actis has realised its investment in Alexander Forbes Group Holdings, a South African diversified financial services company. Actis has sold a 9% stake in an oversubscribed offer through the Johannesburg Stock Exchange, representing over half of its 13% total stake.

Actis completes two-part Umeme transaction

Actis has completed a two-part transaction that sees the firm’s subsidiary, Umeme Holdings sell a total 45.7 percent of Ugandan electricity distribution company, Umeme for $98 million. Stanbic acted as lead transaction advisor and Stanbic and Rencap as joint bookrunners.

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Actis seals Cameroonian electricity deal

Actis has completed the acquisition of the majority interest in three power assets in Cameroon from The AES Corporation. Actis will pay $202 million for a 56% stake in Cameroon’s national integrated utility, Société Nationale d’Electricité (SONEL), and in two independent power plants, Kribi and Dibamba.

Actis invests in CSH

Pan-emerging markets investor Actis is investing in Credit Services Holdings, a buy-and-build credit services business. CSH’s first investment will be acquiring 100% of Compuscan, an independent credit bureau in Africa.

First Read April 1
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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.

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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.

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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.

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