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 […]

peHUB First Read

Having survived the Occupy-ocalypse, the peHUB First Read takes on more weighty matters, like Colombian hookers and secret trips to Kabul.

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 […]

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