Xiabu Xiabu Dealt in Secondary PE Transaction

General Atlantic LLC will acquire the shares held by Actis in Xiabu Xiabu, the Chinese bar-style hotspot brand. Specifics of the deal were not publicized. Xiabu has over 300 restaurants in places like Hebei, Liaoning and Shanghai.

Actis Invests in Chinese Casual Dining Chain Bellagio

Pan-emerging markets private equity firm Actis has backed Chinese casual dining chain Bellagio. Founded in 2001 in Shanghai by the Lin Family, the company has 35 restaurants across a number of Chinese cities, as well as Macau and the Philippines.

Actis Sells Stake in BCR

Pan-emerging markets private equity firm Actis is selling its stake in Banque Commerciale du Rwanda to Kenyan regional bank, I&M Bank Limited and French and German development finance institutions, Proparco and DEG. Actis acquired an 80% interest in BCR in a 2004 privatisation, with the remaining 20% interest retained by the Government of Rwanda. PRESS […]

Actis Boosts Africa Team

Pan-emerging markets private equity firm Actis has appointed Mark Ransford as a director focusing on opportunities in West Africa. Ransford will be based in London with regular trips to Lagos; he takes up his post with immediate effect. PRESS RELEASE Actis, the pan-emerging markets private equity firm, today announced the appointment of Mark Ransford as […]

peHUB First Read

Tuesday Morning’s Post-Memorial Day Hangover edition of First Read includes the Choom-POTUS party guide, how to hype a tech scene, and Pinterest’s new friends.

Reuters – Actis Singapore Head Leaves

The head of Actis’ Singapore office, Gary Addison, has left the emerging markets private equity firm after four and a half years, according to an email seen by Reuters. Addison, who was also a partner at Actis with around 20 years of experience in the industry, has no immediate plans to join another company, writes […]

Actis Exits Ghanian Shopping Centre Accra Mall

Pan-emerging markets private equity firm Actis has sold its 85% shareholding in Accra Mall to South African commercial and retail property developer, Atterbury, and financial services group, Sanlam. Accra Mall is a Ghanaian shopping and leisure centre. PRESS RELEASE Actis, the pan-emerging markets private equity firm today confirmed the sale of its 85% shareholding in […]

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Globeleq Acquires Nicaraguan Wind Project

Globeleq, a London-based emerging markets power company owned by CDC Group (managed by the emerging market investor Actis), has acquired the 44 MW Eolo wind project in Nicaragua, which is in the final stages of its submission as a Clean Development Mechanism (CDM) under the Kyoto Protocol; the title will enable it to earn carbon […]

Actis Looking to Boost African Investment

Emerging markets private equity firm Actis is looking to invest around $300 million annually in Africa, writes Reuters. Actis aims for individual investments of $50 million which means it focuses on Africa’s biggest economies – South Africa, Egypt and Nigeria where there are more opportunities for bigger deals, writes Reuters. Reuters – Emerging markets private […]

Actis Names New Partners

David Grylls, Nick Luckock and Natalie Kolbe have been promoted from director to partner with Actis, the private equity investor. Grylls, who covers energy, and Luckock, who is on the financial services team are based in London and Kolbe is based in Johannesburg.

Actis Opens Lagos City Mall

Emerging markets private equity investor Actis has announced the opening of the $100 million Ikeja City Mall in Lagos. The retail and leisure development was initiated by Actis three years ago and comprises 27,000 square metres of gross built area and 23,000 square meters of lettable area. The space accommodates nearly 100 shops including Shoprite, […]

Washington State Bets $550 Million On Global PE

It must be international month in the Washington State Investment Board cafeteria. At its November board meeting, the $79 billion pension system made more than $550 million in commitments to two global private equity managers, including $300 million for London-based Apax Partners and its Apax Europe VIII LP, and $250 million for Actis’s latest emerging markets offering, Actis Global 4 LP.

Washington State has one of the nation’s largest private equity programs, with $15.6 billion in existing private equity assets. Private equity represents about 25 percent of its main fund’s total assets.

Actis, Others Buy South Africa’s Remgro

Private equity firm Actis is among a group of investors buying a stake in South African vehicle tracking company Tracker, Reuters reported Monday. Actis and others will pay 3.9 billion rand ($485 million) for the stake currently owned by investment group Remgro. The company makes equipment used to recover stolen cars. The size of the stake was not disclosed.

Actis Boosts Asia Operations, Adding Fong, Or

Private equity shop Actis has added Chester Fong as a senior adviser and Angus Or as director of operations in Asia, Reuters reported. Hong Kong-based Fong, an executive at Colgate-Palmolive, will advise on investments and portfolio management for Actis’ consumer team, while retaining his role as chairman of Colgate’s Greater China business, Reuters wrote. Or joins as a director from Heinz China.

Actis Looking to Exit Sterling Hospitals

Actis is looking to sell its stake in Gujarat-based Sterling Hospitals, Reuters reported. The buyout shop is reportedly in talks with probable buyers like Fortis Healthcare and Apollo Hospitals Enterprise, the Business Standard newspaper reported. Actis holds an 80% stake in the specialty hospitals chain.

India’s Jyothy Labs Raisins up to $200M From PE Firms

Indian consumer goods maker Jyothy Laboratories is close to raising about $150-$200 million from private equity funds, Reuters reported. The company is talking with a handful of buyout shops, including the Carlyle Group, Actis, TPG Capital and Apax Partners, Reuters reported, adding that a deal is likely to be announced. In 6-8 weeks.

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