Actis related stories
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Actis in India healthcare exitSterling Hospitals’ promoter has bought back the firm’s 82% in the business.
- Actis to sell Sterling Hospital
Actis will sell its majority shareholding investment in Sterling Hospital, a healthcare provider in Gujarat. Actis invested in the Indian healthcare chain in 2006.
- Actis raises over $1 bln for third energy fund
Emerging markets investment firm Actis has closed $1.15 billion for its third energy fund. The pool's initial target was $750 million. The fund will focus on electricity generation and distribution companies in Latin America, Asia and Africa. Its investors include public pension funds, sovereign wealth funds and families from the US, Europe and Asia.
- Actis closes energy fund on $1.15bn
The firm has already invested roughly half of the capital from its third energy fund.
- KKR to invest in Indian drugmaker Gland Pharma - Reuters
KKR has agreed to invest about $200 million in Indian drugmaker Gland Pharma Ltd, writes Reuters. Under the deal, KKR will acquire a minority holding in Gland Pharma, including the stake held by private equity fund Evolvence India Life Science Fund. The size of the stake was not disclosed.
- Apax opens in Brazil
The London-based firm has established a team of five deal makers to source investments in the region.
- Actis in $220m Africa energy deal
The UK-based emerging markets firm has added to its African energy portfolio by acquiring utilities in Cameroon.
- Feronia completes $25 million private placement
Feronia said Friday that it has closed a $25 million private placement. CDC, the UK Government's Development Finance Institution, was the lead investor. According to details of the transaction, CDC bought 151,496,000 shares of Feronia at a price of CAD $0.10 per share for $14.5 million. Another investor, the African Agriculture Fund, which is managed by Phatisa and holds the largest stake in Feronia, acquired 78,360,000 shares at a price of $7.5 million. In addition to the private placement, Feronia has named Keith Alexander to its board of directors. Alexander will be replacing Philip Condon who is departing as a director of the company. Based in the Democratic Republic of the Congo, Feronia is a commercial farmland and plantation operator.
- Amala expands with ex-Actis and ex-Altius hires
The UK-based placement agent has recruited a former Actis fund accountant and a former Altius Associates executive, in response to an improved fundraising environment and greater demand for its services in between capital-raises.
- Actis wraps up fundraising for global fund
After closing its main fund at the end of September, Actis hopes to tie up fundraising for a $160m Africa co-investment vehicle and a $1.1bn energy vehicle in the next few weeks.