Actis partially exits Edita Food

Actis said Thursday it has sold 15 percent of its stake via the IPO of Edita Food Industries. Actis invested US$ 102 million for a 30 percent stake in Edita in June 2013. Edita, an Egyptian snack food maker, is trading on the Egyptian and London stock exchanges.

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Actis and Mainstream launch pan-African energy platform

Actis has formed a $1.9 billion joint venture with wind and solar developer Mainstream Renewable Power to launch Lekela Power, a Pan-African renewable energy platform. Lekea will be financed over a three-year period through equity and debt funding.

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Actis commits $230 mln to Ostro Energy

Actis said Wednesday it committed $230 million to Ostro Energy, an Indian renewable energy platform. Ranjit Gupta was named CEO of Ostro. The platform’s first project is Tejuva, a 50.4MW wind project, already under construction in the Jaisalmer district of Rajasthan. London-based Actis, with $7.6 billion in funds under management, invests in emerging markets such as Asia, Africa and Latin America.

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Actis invests in Genesis Group

Actis has acquired a stake in Genesis Group. Financial terms weren’t announced. Genesis is a grain testing and inspection business in Brazil. Genesis founders, Rodrigo Alves and Henrique Victorelli, will retain a significant stake and will continue to lead the business.

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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.

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