A4C S Feeder LP

Africa Other consumer services, Financial services, Food and agriculture, Education, Health

Actis is a leading investor in growth markets across Africa, Asia and Latin America. Its three separate investment groups focus on energy and infrastructure; real estate; and general sectors, including consumer, education, financial services, healthcare, industrial, manufacturing, and retail.

Actis was formed in 2004 following a restructuring of CDC designed to bring more equity capital into developing countries and the two organisations have a shared history.

The London-based firm has offices across Africa, Asia and Latin America.

This is a global large-cap private equity fund.

Our investment

In 2013, CDC committed $100m into A4C alongside a mixture of commercial and DFI investors including Washington State Investment Board, the UN, ADIA, and AT&T. A4C is targeting around 20 investments of $30-100m across a range of sectors including healthcare, consumer, industrials and financial services. Although the fund has a geographical scope covering Africa, Asia, and Latin America, CDC's investment only permits investments in Africa and South Asia (excluding India). This investment strategy was pursued in order to maximise our impact on our core geographies.

Expected impact

A4C will focus on the themes of domestic consumption driven by the rapid expansion of the consumer class, investment in the creation of social infrastructure, for example healthcare and education, and in companies servicing physical infrastructure assets.

Environmental and social aspects

The fund manager has a well-established approach to environmental and social (E&S) management and we will continue to support and monitor its approach as the portfolio grows.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa
Countries

For funds, the countries listed here are those the fund has invested in so far.

:
Egypt, Kenya, Nigeria, South Africa, Tunisia
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

:
Education, Financial services, Food and agriculture, Health, Other consumer services
Website:
https://www.act.is/
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
Actis LLP
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
September 2013
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$100m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Sierra Leone

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
Edita Food Industries

Edita is an independent branded snack food business in North Africa based in Egypt. Its main products are packaged croissants and cakes where it is the dominant category leader.

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Egypt Africa, North Africa Food and agriculture June 2013 Exited
AutoXpress International Limited

Operating through 20 company-owned stores in Kenya and Rwanda, AutoXpress is the key distributor and retailer of leading tyre, battery and suspension brands, including Pirelli, Dunlop, Marshal, BKT, KYB and Energizer.

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Kenya Africa, East Africa Other consumer services January 2014 Active
Credit Services Holdings (CSH) (Formerly Compuscan Holdings (Pty) Limited)

Compuscan is a credit services bureau with operations in South Africa, Uganda, Namibia, Ethiopia, Botswana and Lesotho employing around 180 people.

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South Africa Africa, Southern Africa Financial services June 2014 Active
Emerging Markets Knowledge Holdings Ltd (EMKH)

Emerging Markets Knowledge Holdings is a buy and build platform for African tertiary education which acquired a Tunisian private university group in December 2014.

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Africa Education November 2014 Active
Integrated Diagnostics Holdings plc (IDH)

Integrated Diagnostics Holdings is a leading provider of medical diagnostics services across Egypt.

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Egypt Africa, North Africa Health December 2014 Active
Coricraft Group Proprietary Ltd

Coricraft is a leading home furnishings and accessories retailer in South Africa

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South Africa Africa, Southern Africa Other consumer services October 2015 Active
Sigma Pensions

Sigma Pensions is the third largest pension fund administrator in Nigeria

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Nigeria Africa, West Africa Financial services November 2015 Active
Food Lovers Market

Food Lover's Market is a specialist retailer of high quality food which began operations in 1993 in South Africa. It currently has a portfolio of 200 stores, including 3 stores in Zimbabwe.

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South Africa Africa, Southern Africa Other consumer services February 2016 Active
Les Laboratories Medis

Medis produces high quality, affordable medication, particularly for the growing number of patients in the region afflicted with chronic diseases such as diabetes, high blood pressure and reflux.

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Tunisia Africa, North Africa Health August 2016 Active