Actis sells its remaining stake in Edita after a four-year partnership
Despite the end of the partnership, both sides consider it a success story
Latest in Tag: actis Highlight
Latest in Tag: actis
Actis to establish wind farm in current quarter
Agreement with the government over the establishment to be signed soon
Lekela Power signs MoU for $350m wind power station in Egypt
Actis Fund invested over $700m in Egypt to date, says director
Al-Sisi meets British companies, experts during visit to UK
BP intends to pump investments of $3bn in gas field discovery over the next three years
Actis announces exit of Globeleq Africa
Norfund acquired significant minority stake (30%) in Globeleq Africa for a final cash consideration of $227m. CDC transferred its interest into the new company
Renaissance Capital reduces Edita’s target price to EGP 31.1 per share
Edita recorded net profits of EGP 148.2m in H1 of 2015
Edita, Hostess Brands sign $12m contracts
To finance the contract, Edita will receive EGP 90m medium-term loan from NBK
Edita’s IPO 4.5 times oversubscribed
Offer price was set at EGP 18.50 per share
Actis wins Africa and Infrastructure firm of the year
The awards had an exceptionally strong turnout this year with over 35,000 votes cast by investors
Actis launches pan-African renewable energy platform in Egypt
Actis deploys over $1.9bn in 27 energy transactions, totalling 14gW across 21 countries
Egypt to witness huge growth in electronic payments in next 5 years: EMP chairman, Actis partner
The 5th Emerging Markets Payments Conference (EMPC) kicked off on 26 September in Sharm El-Sheikh, gathering key decision makers from banks and electronic payment companies across the Middle East and Africa to discuss opportunities and challenges of the industry. At the conference, the Daily News Egypt sat with Paul Edwards—Chairman of Emerging Markets Payments (EMP), …
Private equity firm Actis reduces stake in Egypt’s CIB
Reuters – Private equity firm Actis has reduced its holding in Commercial International Bank (CIB), Egypt’s biggest listed bank, to 6.5%, CIB said on Monday. CIB said Actis sold a 2.6% stake in the bank “in the open market to a group of international investors”. The shares were sold to Egyptian and other Arab institutions …
Actis invests $102m to acquire 30% of Egypt’s Edita Food Industries
Global firm expresses optimism towards snack food market, citing young and growing population
Egypt ‘too big to fail’: Director of Actis in Egypt
Actis is an emerging markets investor with US$5.2 billion funds under management. Through the expertise of over 120 investment professionals on the ground in twelve countries, Actis identifies investment opportunities in three areas: private equity, infrastructure and real estate. Daily News spoke to Actis’s Director in Egypt about the current business environment in Egypt, the challenges as well as the solutions to reposition Egypt as an attractive investment destination.
Actis closes $434 mln deal in South Africa, eyes Egypt
CAIRO: Actis, a pan-emerging markets private equity fund, led a consortium in the $434 million complete management buy-out of Tracker, South Africa’s largest vehicle tracking company, according to a statement. “Tracker is known for its vehicle recovery successes — it has achieved approximately 55,000 vehicle recoveries and over 10,000 arrests since its establishment in 1996, …