Actis related stories
All articles and analysis
India Fund Launch PlannedMacquarie Group and Indian lender State Bank of India are drawing up plans to raise $1 billion to $1.5 billion for their second fund to invest in infrastructure assets and companies in India, Reuters wrote.
- Actis, Others Buy South Africa’s Remgro
Private equity firm Actis is among a group of investors buying a stake in South African vehicle tracking company Tracker, Reuters reported Monday. Actis and others will pay 3.9 billion rand ($485 million) for the stake currently owned by investment group Remgro. The company makes equipment used to recover stolen cars. The size of the stake was not disclosed.
- Actis Boosts Asia Operations, Adding Fong, Or
Private equity shop Actis has added Chester Fong as a senior adviser and Angus Or as director of operations in Asia, Reuters reported. Hong Kong-based Fong, an executive at Colgate-Palmolive, will advise on investments and portfolio management for Actis' consumer team, while retaining his role as chairman of Colgate's Greater China business, Reuters wrote. Or joins as a director from Heinz China.
- Ethos Exits Holdsport Via $170M Listing
South African buyout firm Ethos Private Equity is exiting its investment in sporting goods retailer Holdsport via a $170 million listing on the Johannesburg Stock Exchange next month, Reuters reported. Ethos paid 681 million rand ($99.14 million) for a majority stake in the company in 2006.
- Actis Looking to Exit Sterling Hospitals
Actis is looking to sell its stake in Gujarat-based Sterling Hospitals, Reuters reported. The buyout shop is reportedly in talks with probable buyers like Fortis Healthcare and Apollo Hospitals Enterprise, the Business Standard newspaper reported. Actis holds an 80% stake in the specialty hospitals chain.
- GE, Siemens, Carlyle All Bid on Savcio
General Electric, Siemens AG and private equity firm the Carlyle Group are among the bidders for South African equipment repair firm Savcio Holdings, Reuters reported. The deal could be valued as high as $500 million, Reuters estimated. Buyout firms Actis and Ethos Private Equity are looking to sell their combined controlling stake in Johannesburg-based Savcio.
- India’s Jyothy Labs Raisins up to $200M From PE Firms
Indian consumer goods maker Jyothy Laboratories is close to raising about $150-$200 million from private equity funds, Reuters reported. The company is talking with a handful of buyout shops, including the Carlyle Group, Actis, TPG Capital and Apax Partners, Reuters reported, adding that a deal is likely to be announced. In 6-8 weeks.
- Actis Buys Guatemala Electricity Companies
Buyout firm Actis has reached an agreement with Gas Natural Fenosa to buy a group of companies focused on the transportation and supply of electricity in Guatemala. The deal is valued at $345 million, plus assumed debt. Actis focuses on emerging market deals, and has roughly $4.6 billion under management.
European Firms React to MENA UnrestU.K.-based private equity investor Actis, and others that do business in Egypt, Tunisia and the like, are monitoring the situation closely
- European LP News, March 2011
Legal battle continues over Atria assets; will Britain widen the CDC?