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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.

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.

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 […]

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.

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