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Actis Invested $300million In Nigeria

Lagos Chamber of Commerce and Industry, LCCI, has lauded Actis, a pan-emerging market inves­tor, for its positive impact on the nation’s economy as well as developing the nation’s private sector.

Rewarding the company as the most impactful private eq­uity firm in the country, the Chamber noted that Actis invested $3 billion in investments in 23 African countries with the com­pany investing $300 million in Nigeria.

Nigeria is being regarded as highly attractive investment destination for Actis due to fa­vourable demographics, Gross Domestic Product, GDP, growth as well as consumer opportuni­ties. Actis has been investing in Africa for over six decades.

According to the Chamber, Actis has changed the status quo of the nation’s economy by developing its private sector.

The company’s experience, global networking as well as its sector specialisation have uniquely positions the firm on all aspects of growth and value creation with special focus on maximising shareholder value and adhering to the highest standards of governance. Its previous and current invest­ments in Nigeria include Mou­ka, Diamond Bank, and Jabi Lake mall.

Others include Abuja’s one-stop leisure, restaurant and retail destination, The Palms; Heritage Place; Ikeja City Mall and Vlisco Group among others.

Commenting on the honour, a Partner at Actis, Natalie Kolbe said the management was that the company won “the most impactful private equity firm in Nigeria from such a presti­gious organisation. We are ex­cited about the opportunity in the country and look forward to continuing our work with lead­ing Nigerian businesses.”

Earlier this year, Actis was named ‘2014 Firm of the Year in Africa’ by Private Equity Inter­national as well as ‘2014 African Infrastructure Fund Manager of the Year’ by Infrastructure Investor, reflecting its invest­ment expertise in Africa and the energy sector.

Actis invested in and then acquired Compus­can, a transaction named ‘Catalyst Private Equity Deal of the Year 2014’.

Actis has also invested in the emerging markets with a grow­ing portfolio of investments in Asia, Africa and Latin America.

It currently has S$7.6 billion funds under management, ap­plying developed market disci­pline to emerging markets

 

Source: National Mirror Online

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