General Atlantic, a leading global growth investor, and Actis, a leading global investor in sustainable infrastructure, announced that the firms have entered into a definitive agreement under which General Atlantic will acquire Actis, creating a diversified, global investment platform with approximately $96 billion in combined assets under management (“AUM”). Financial terms for the transaction are not being disclosed.
Actis would become General Atlantic’s global investment platform’s sustainable infrastructure division as per the conditions of the transaction. Actis Chairman and Senior Partner Torbjorn Caesar will continue to serve as the organization’s leader. Actis will maintain autonomy over its investment choices and procedures, and its funds will continue to operate under the Actis name.
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 recognized 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.”
Actis, which has assets under management of over $12.5 billion, has a reputation for providing institutional investors with competitive returns while also having a good influence on the nations, towns, and communities in which it conducts business. Actis is a global investment firm that has raised over $25 billion in capital since its founding.
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.”
Gabriel Caillaux, Co-President, Head of EMEA, and Head of Climate of General Atlantic, said: “We have a shared commitment to deploying capital in sustainable infrastructure and the energy transition in the decades to come. The acquisition of Actis extends our global footprint and diversifies our offering with an experienced investing team that has built a business on core tenets that align with ours: a thematic approach to investing, focus on innovation and company-building, and long-term orientation. We look forward to creating value for our investors and management teams.”
Michael Harrington, Chief Investment Officer of Actis, said: “As active builders and operators embedded in local markets, we are excited to team up with a firm that shares our investment ethos and approach. This partnership has the potential to enhance our offering through our combined expertise, networks, and geographical scope.”
About General Atlantic
Throughout its history, General Atlantic has supported over 500 growth firms with finance and strategic advice, making it one of the top worldwide growth investors. The firm was founded in 1980 to collaborate with visionary entrepreneurs and create enduring impact.
It brings to the table a collaborative global approach, industry-specific expertise, a long-term investment horizon, and a profound understanding of growth drivers to work with management teams and exceptional entrepreneurs to scale innovative businesses globally.
Actis is a prominent international investor in sustainable infrastructure, providing institutional investors with competitive returns while having a demonstrable good influence on the nations, towns, and communities in which it conducts business. Actis makes investments in structural themes that promote fair, long-term growth in defensive, essential infrastructure throughout the energy, digital, and supply chain transitions.
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