Emerging markets investor Actis has promoted four employees to partner, two on its consumer team and two in its Cairo office.
Consumer team member David Cooke was promoted to partner and ssumes responsibility for Actis’s South Africa office in Johannesburg. He joined the firm in 2006 having previously worked at EY’s private equity group in London and private equity firm Bridgepoint Capital.
In Cairo, Sherif Elkholy has also been promoted partner in its consumer team. He joined the firm in 2004 from HSBC to focus on North Africa. Prior to that he worked at the private equity arm of Egyptian investment bank EFG-Hermes Private Equity, covering transactions in Egypt, Jordan and Turkey. He is leading pan-African renewable energy company Lekela Power’s “push” into Egypt, according to the firm’s website.
Also in Cairo, Hossam Abou Moussa has been made partner in the financial services team. He joined the firm in 2006, also from EFG-Hermes Private Equity. When Abou Moussa joined he took on responsibility for originating, executing and managing transactions in Egypt and North Africa in the financial services and sometimes the industrial and healthcare sectors, according to the firm’s website.
He worked on the deal for African and Middle East-focused payments business Emerging Markets Payments, which Actis agreed to sell to Network International in March.
Michael Harrington, who is on the energy team based in Mexico City, was also promoted to partner. He joined the firm in 2008, and previously worked at Arthur Andersen and NM Rothschild & Sons in Mexico.