The global investor in growing markets Actis, announced that its subsidiary Actis Long Life Infrastructure Fund (ALLIF) has completed the acquisition of two solar projects in India totalling 400MW from Acme Solar Holdings Ltd.
- The acquired projects are located in the Indian states of Andhra Pradesh and Madhya Pradesh respectively
- Actis is a leading investor in Indian renewables where it invests through ALLIF and Actis Energy FundsIn May 2020, Actis, announced that it had sold Young City, a grade-A twin tower office building located in southwest of Seoul, Korea to a consortium of local institutional investors. The deal followed a competitive bidding process involving nearly 50 interested parties and 17 bids.
In March 2020, Actis, established a US$250 million pan-African data centre platform. The buy and build platform will comprise of independently owned, carrier neutral, data centres across key African markets. The first of these investments had completed, with Actis taking a controlling stake in Nigerias leading, independent, co-location business, Rack Centre.
March 2020, Actis and Westmont Hospitality Group had acquired the 309-key Sheraton Casablanca hotel, Morocco. The Sheraton Casablanca offers a unique opportunity to acquire the largest internationally branded hotel in Casablanca. The hotel was built in 1989 and is well-located in the heart of Casablanca near the Old Medina and harbour. Actis and Westmont will implement a comprehensive business plan which includes a full refurbishment.
Actis headquartered in London, United Kingdom, is a global investment firm. The company invests in the private equity, energy, infrastructure, and real estate asset sectors in global emerging markets. The company focused on growing markets across Africa, Asia and Latin America. The company is employing more than 120,000 people globally.