Actis related stories
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DPI holds $250m first closeThe African-focused firm, which started fundraising last year, is understood to have held a $250m first close in July and is expected to wrap up fundraising in May next year.
- Actis Buys Majority Stake in Brazil-Based Atlantic Energias Renovaveis
Actis said Thursday that it has acquired a majority stake in Atlantic Energias Renovaveis for $169 million. Based in Brazil, Atlantic, which is also backed by Pattac and Servinoga, is a provider of renewable energy solutions.
Need To Meet: Andrew Malk, Managing Partner, Malk Sustainability PartnersAs premier buyout firms take more prominent positions on issues such as the environment and good governance, they are boosting the likelihood that smaller firms will follow suit, said Andrew Malk, the managing partner of consulting firm Malk Sustainability Partners.
- Reuters: India's Balaji Wafers in Talks with PEs to Raise $100-125 Mln-Sources
(Reuters) - Indian snack maker Balaji Wafers is in separate talks with private-equity funds, including Blackstone Group and Actis, to raise between $100 million and $125 million, two sources with direct knowledge of the matter told Reuters.
- Actis Buys Paycorp for $95 Mln
Actis said Wednesday it has acquired Paycorp for $95 million. Company management also invested. The seller was Transaction Capital. Paycorp is a payments business in South Africa.
- Illinois Tool Works Acquires Vesta from Actis
Illinois Tool Works said on Wednesday that it has acquired Gold Pattern Holdings from Actis, a private equity firm that focuses on investments in Asia, Africa and Latin America. No financial terms were disclosed. Gold Pattern Holdings owns Vesta Global Ltd., which has a 100% equity stake in Vesta Catering Co., Ltd. Based in China, Vesta is a Western kitchen equipment manufacturer.
- Actis Invests $102 Mln in Edita Food Industries
Actis, a private equity firm that focuses on Africa, Asia and Latin America, said on Monday that it has invested $102 million in Edita Food Industries. Based in North Africa, Edita is a provider of snack foods in Egypt.
- Actis, Mainstream Renewable Power Invest in Aela Energía
Actis said Friday it committed US$290 million for a 60% stake in Aela Energía. Mainstream Renewable Power, the global wind and solar developer, will own 40% of the asset. The total value of the project is US$1.4 billion including debt, Actis said. Aela Energía is a renewable energy development set that looks to become Chile’s largest wind and solar energy provider.
- EMPEA Names New President/CEO
The Emerging Markets Private Equity Association said on Monday that it has named Robert W. van Zwieten to be the organization’s next president and CEO. Most recently, van Zwieten served as director of private sector capital markets at the Asian Development Bank in Manila, Philippines. Based in Washington, D.C., EMPEA is a global organization with approximately 320 member firms representing over $1 trillion in assets under management.
- Reuters - Warburg Pincus Takes Stake in Avtec
U.S. private equity firm Warburg Pincus LLC has bought a minority stake in Indian engineering equipment maker Avtec Ltd, but the terms of the transaction were not disclosed, Reuters reported. The investment will provide an exit to British investor Actis and will be utilised to fund future growth of the company, Avtec said in a statement. In 2005, Actis invested $17.8 million to buy a 30 percent stake in the company, promoted by diversified C.K. Birla Group.