General Atlantic to acquire Actis
American private equity firm General Atlantic will acquire infrastructure investor Actis.
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American private equity firm General Atlantic will acquire infrastructure investor Actis. Financial terms for the transaction are not being disclosed.
Actis, a firm with more than 140 investment professionals across its 17 global offices and over $25 billion in capital raised since inception, backs structural themes that support long-term, growth in critical infrastructure. This encompasses areas such as the energy transition, digital transition, and supply chain transformation.
Under the terms of the agreement, Actis will become the sustainable infrastructure arm within General Atlantic’s global investment platform. Actis will continue to be led by its chairman and senior partner, Torbjorn Caesar, and will retain independence over its investment decisions and processes with its funds operating under the existing Actis brand.
General Atlantic was founded in 1980 and has deployed more than $60 billion in global growth companies. In addition to its flagship growth equity strategy, the firm’s investing activities span credit and climate solutions.
Bill Ford, chairman and chief executive officer of General Atlantic commented: “Addressing the global paradigm shift toward sustainability requires an economic transformation and a capital investment on a massive scale. With the addition of Actis, we are taking a significant step forward to add a sustainable investment capability which positions General Atlantic to capture this opportunity set for our investors. Torbjorn and the Actis team have built a business recognised for its talent, domain expertise, and commitment to investment excellence. This transaction brings together two highly complementary firms and enhances General Atlantic’s global investment platform with greater scale, broader strategies, and deeper and more local capabilities for deal sourcing and company building.”
Torbjorn Caesar, chairman and senior partner of Actis said, “We are very excited to be joining forces with General Atlantic. The combined firm brings together distinct but highly complementary strategies that unlock long-term value for our investors across key structural themes including the energy transition and digital transition. The whole is greater than the sum of the parts. Both firms also have a hands-on approach to building businesses and platforms, and a shared commitment to sustainability.”
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