Gneral Atlantic acquires Actis to form USD 96 bn asset manager: US private equity firm General Atlantic has agreed to acquire London-based infrastructure giant — and longtime regional investor — Actis, according to a joint statement, which did not disclose the value of the acquisition. The move will add USD 12.5 bn worth of assets to General Atlantic’s USD 83 bn portfolio to form what will now be its sustainable infrastructure arm.

The details: Actis will retain its name, independence over investment decisions, and familiar faces at the top of the organization.

Actis has stakes in a couple of Emirati firms: The PE firm bought a controlling stake in local renewable energy developer Yellow Door Energy, and a 50% stake in district cooling company Emicool, in 2022.

What they said: “Addressing the global paradigm shift toward sustainability requires an economic transformation and a capital investment on a massive scale,” said Bill Ford, General Atlantic chairman and CEO. “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 [potential] set for our investors.”

Appetite for alternative assets is on the rise: US investment giant BlackRock agreed to acquire Global Infrastructure Partners for USD 12.5 bn last week, which would create the world’s second-largest infrastructure firm.

The story got global coverage:Financial Times | Reuters

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