General Atlantic is to acquire infrastructure-focused buyout firm Actis, further expanding the private equity giant’s activities in the sector. The financial terms of the deal remain undisclosed.
According to a joint statement issued Tuesday, the Actis brand will retain, with chairman and senior partner, Torbjorn Caesar, retaining investment autonomy.
“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,” commented Caesar. “The whole is greater than the sum of the parts.”
The acquisition will see Actis, which has historically focused on energy transition, digital transition, and supply chain transformation, form a new, dedicated sustainable infrastructure arm within the General Atlantic investment platform.
With approximately $12.5 billion in assets under management, the addition of Actis brings General Atlantic’s total AUM to roughly $96 billion.
General Atlantic CEO Bill Ford elaborates:
“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 recognised 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.”
The deal is subject to customary closing conditions and is expected to close in Q2 2024.
Lead image: Photo by Drew Hays