General Atlantic completes Actis acquisition
General Atlantic completes Actis acquisition
Actis will retain independence over its investment decisions, with its funds operating under the Actis brand.
** For the best experience, download the free Africa Private Equity News app Android | iOS **
General Atlantic today announced the completion of its acquisition of infrastructure investor Actis. The combination further expands General Atlantic’s diversified investment platform to approximately $97 billion in assets under management, based on valuations as of 30 June 2024.
Actis will operate as General Atlantic’s sustainable infrastructure business alongside its existing strategies in growth equity, credit, and climate. Actis will continue to be led by its chairman and senior partner, Torbjorn Caesar, and will retain independence over its investment decisions with its funds operating under the Actis brand.
Bill Ford, chairman and chief executive officer of General Atlantic, commented: “Actis represents a transformative moment in our continued growth as a diversified private investing platform. Together, we are uniquely positioned to forge deeper relationships with our investors and unlock opportunities that lie at the intersection of our core investment themes – including the energy transition, the digital economy, and the shift in economic growth to developing economies. We share a commitment to investment excellence and, as a combined firm, are energised about the value we bring to both our investors and portfolio companies.”
Torbjorn Caesar, chairman and senior partner of Actis, said: “Both Actis and General Atlantic are leaders in our respective markets with multi-decade track records. We look forward to offering deeper, broader solutions for our investors across the energy transition, digitalisation, and supply chain transformation investment themes. The whole is greater than the sum of its parts. In joining forces with General Atlantic, we are well placed to further accelerate our ambition to be the leading global investor in sustainable infrastructure.”
Stay ahead in Africa's private equity and venture capital sector with Africa Private Equity News’ monthly Dealmaker’s Log.