Actis Raises US$750 Million for Investment in Infrastructure Across the Emerging MarketsLONDON - Actis, a leading private equity investor in emerging markets, today announced that it has successfully held a final close on its US$750m Actis Infrastructure 2 fund. This pan-emerging markets fund will focus principally on opportunities in power generation and transport. Actis to Invest US$244 Million in Egypt’s Commercial International Bank to Become Largest Single ShareholderCAIRO - Actis, an emerging markets private equity specialist, is pleased to announce today that it has executed an agreement to invest US$244 million to acquire shares in Commercial International Bank, the leading bank in Egypt. Actis is acquiring 50% of the stake held by the consortium led by Ripplewood Holdings. The transaction makes Actis the largest single investor in CIB. |