Actis Assets Fund 1

Rest of the World Manufacturing, Financial services, Food and agriculture, Infrastructure, Other consumer services, Others, Health, Communications and IT Services, Construction and real estate

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 investment was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.

Key facts

Status:
Exited
Region

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

:
Rest of the World
Countries

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

:
Costa Rica, Cote d'Ivoire, Dominican Republic, Ecuador, India, Laos, Sri Lanka, Tanzania, Thailand, Zimbabwe
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.

:
Communications and IT Services, Construction and real estate, Financial services, Food and agriculture, Health, Infrastructure, Manufacturing, Other consumer services, Others
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

:
January 2003
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.

:
$694.14m
Domicile

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

:
United Kingdom

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
Langa National Brickworks (Pty) Ltd Swaziland Africa, Southern Africa Manufacturing June 1986 Active
Ariston Holdings Ltd (Delta Corporation Ltd) Zimbabwe Africa, East Africa Food and agriculture December 1986 Active
DFCU Limited

The Development Finance Company of Uganda (DFCU) is one of Uganda’s largest commercial banks. It focuses on business lending to underserved audiences, particularly to small and medium-sized enterprises (SMEs) and smallholders operating in the agricultural sector, and to women in business. DFCU operates over 67 branches and over 100 ATMs across the country

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Uganda Africa, East Africa Financial services January 1987 Active
Inyoni Yami Swaziland Irrigation Scheme Swaziland Africa, Southern Africa Infrastructure March 1987 Active
Swarp Spinning Mills Ltd Zambia Africa, East Africa Manufacturing September 1987 Active
Savannah Sugar Co Ltd Nigeria Africa, West Africa Food and agriculture December 1987 Active
Padma Textile Mills Ltd Bangladesh South Asia Manufacturing March 1988 Active
Kolombangara Forest Products Ltd Solomon Islands Rest of the World Manufacturing June 1988 Active
Natex Holdings Ltd Swaziland Africa, Southern Africa Manufacturing June 1988 Active
Printing and Packaging Co SA Cameroon Africa, Central Africa Manufacturing December 1990 Active
Banatan SA Costa Rica Rest of the World Food and agriculture December 1991 Active
Kilombero Valley Teak Co Ltd

KVTC is a teak plantation company located 425 km southwest of Dar es Salaam. KVTC owns a long term lease over 28,000 hectares, 8,150 of which have been planted with teak, and owns a sawmill.

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Tanzania Africa, East Africa Manufacturing September 1992 Active
Sarah Textiles Ltd Pakistan South Asia Manufacturing March 1993 Active
United Palm Oil Industry Public Co Ltd Thailand Rest of the World Food and agriculture December 1993 Active
Victoria Falls Safari Lodge (Pvt) Ltd Zimbabwe Africa, East Africa Other consumer services December 1993 Exited
Nusantara Investment Fund Ltd Indonesia Rest of the World Financial services March 1994 Active
Sanghi Spinners India Ltd India South Asia Manufacturing March 1994 Active
DCM Hyundai Ltd India South Asia Manufacturing December 1994 Active
PT Buana Finance Tbk Indonesia Rest of the World Financial services March 1995 Active
Enterprise Capital Fund Ltd South Africa Africa, Southern Africa Financial services June 1995 Active
First Leasing Co of India Ltd India South Asia Financial services June 1995 Active
New Farmers Development Co Ltd South Africa Africa, Southern Africa Food and agriculture March 1997 Active
Rwenzori Courts Ltd Uganda Africa, East Africa Construction and real estate September 1997 Active
Orzunil 1 SA Guatemala Rest of the World Infrastructure December 1997 Active
Azito Energie SA Cote d'Ivoire Africa, West Africa Infrastructure December 1998 Active
Grameenphone Limited

Grameenphone Ltd (GP), is the leading telecoms service provider in Bangladesh, with more than 54.5 million subscribers. It is a joint venture between Telenor and Grameen Telecom Corporation, a non-profit sister organisation of microfinance and community development bank Grameen Bank. Telenor, the largest telecoms company in Norway, owns a 55.8 per cent share of Grameenphone. It was the first company to introduce digital mobile technology in Bangladesh, and it built the first cellular network to cover 99 per cent of the country. The company employs over 4,000 people directly and many more jobs are supported through its third-party vendor network.

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Bangladesh South Asia Communications and IT Services December 1999 Active
Del Oro Juice Group Holdings Ltd Costa Rica Rest of the World Food and agriculture June 2000 Active
Bukindon Resources Co Inc Philippines Rest of the World Food and agriculture January 2003 Active
Dr Ian Sangster & Co Liberia Africa, West Africa Food and agriculture January 2003 Active
Gumma Valley Water Company Ghana Africa, West Africa Infrastructure January 2003 Active
Heleena Farms total Nigeria Africa, West Africa Food and agriculture January 2003 Active
Liberia Rubber Development and Investment Liberia Africa, West Africa Food and agriculture January 2003 Active
Liberian Water & Sewerage Liberia Africa, West Africa Infrastructure January 2003 Active
National Housing Corp of Vanuatu Vanuatu Rest of the World Financial services January 2003 Active
Primo Olechemicals Inc

Primo Olechemicals produces coconut oil-based chemicals in the Philippines

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Philippines Rest of the World Others January 2003 Active
PT Amerta Indonesia Rest of the World Manufacturing January 2003 Active
Rustiu Valley Development Zimbabwe Africa, East Africa Food and agriculture January 2003 Active
Starich

Starich produces and processes seafood products in Belize

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Belize Rest of the World Food and agriculture January 2003 Active
STI India Ltd India South Asia Manufacturing January 2003 Active
Sungei Lembing Tin India South Asia Others January 2003 Active
Tropical Glass Ghana Africa, West Africa Manufacturing January 2003 Active
Inter Pepsi Cola Bottler Invs South Africa Africa, Southern Africa Food and agriculture March 2003 Active
Glencar Mining Ghana Africa, West Africa Others June 2003 Active