General Atlantic, a global growth investor, and Actis, a global investor in sustainable infrastructure have signed a deal that will allow General Atlantic to acquire Actis, creating a diversified, global investment platform with approximately $96 billion in combined assets under management (AUM.
Althogh the financial terms for the transaction remain undsclosed with approximately $12.5 billion in AUM.Actis will become the sustainable infrastructure arm within General Atlantic’s global investment platform.
Bill Ford, Chairman and Chief Executive Officer of General Atlantic, commented: “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 recognized 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 lo cal capabilities for deal sourcing and company building.”
As part of the deal,Actis will continue to be led by its Chairman and Senior Partner, Torbjorn Caesar, and will retain independence over its investment decisions and processes with its funds operating under the existing Actis brand.
Together, Actis and General Atlantic will be uniquely positioned to unlock opportunities for investors that lie at the intersection of the energy transition, digitization, and the shift in economic dynamism to growth markets and beyond. Furthermore, this partnership reinforces Actis and General Atlantic’s similar cultures and investment philosophies.
General Atlantic was founded in 1980 and has deployed more than $60 billion in global growth companies. In addition to its flagship growth equity strategy, the firm’s investing activities span credit and climate solutions.
Torbjorn Caesar, Chairman and Senior Partner of Actis, said: “We are very excited to be joining forces with General Atlantic. 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. The whole is greater than the sum of the parts. Both firms also have a hands-on approach to building businesses and platforms, and a shared commitment to sustainability.”
The acquisition advances General Atlantic’s strategic diversification by adding sustainable infrastructure as a distinct, complementary offering alongside its existing capabilities in Growth, Credit and Climate.
The partnership advances both firms’ strategic diversification, combining real assets with a range of investment strategies and brings together two global investors with a collective commitment to sustainability and supporting the energy transition.
The energy transition is a growing segment of the global economy that is expected to require annual investment of approximately $2.4 trillion by 2030.
To address this need, the transaction will strengthen the combined organization’s focus on delivering renewable power and scaling sustainable infrastructure.