Global growth investor General Atlantic has announced the completion of its acquisition of Actis, a leading global investor in sustainable infrastructure. This acquisition significantly expands General Atlantic’s investment platform to approximately $97 billion in assets under management as of June 30, 2024, further diversifying its portfolio across sectors, regions, and strategies.
Actis to Operate as Sustainable Infrastructure Arm
Under the new structure, Actis will become General Atlantic’s Sustainable Infrastructure business, operating alongside the firm’s existing strategies in Growth Equity, Credit, and Climate. Actis will continue to operate under its own brand, retaining independence over its investment decisions. Torbjorn Caesar, Chairman and Senior Partner of Actis, will remain in his leadership role.
The combined platform strengthens both firms’ commitment to sustainability and the global energy transition, offering investors a broader set of investment solutions.
Bill Ford, Chairman and CEO of General Atlantic, described the acquisition as a transformative moment for the company. “Together, we are uniquely positioned to forge deeper relationships with our investors and unlock opportunities at the intersection of key investment themes – including the energy transition, digital economy, and shifting economic growth to developing markets,” said Ford. He emphasized the shared commitment to investment excellence and the enhanced value the firms will bring to investors and portfolio companies.
Torbjorn Caesar of Actis echoed these sentiments, stating, “Both Actis and General Atlantic have long track records in our respective markets. In joining forces, we are well placed to further accelerate our ambition of becoming the leading global investor in sustainable infrastructure.”
Advisory Roles
Morgan Stanley & Co. LLC acted as the lead financial advisor to General Atlantic, with J.P. Morgan Securities LLC also providing financial advisory services. Legal counsel was provided by Paul, Weiss, Rifkind, Wharton & Garrison LLP and Ashurst LLP. Actis was advised by Goldman Sachs and Campbell Lutyens on financial matters, while Kirkland & Ellis LLP served as legal counsel.
The acquisition is seen as a major step forward in General Atlantic’s long-term strategy to diversify its investment platform and capitalize on global sustainability trends
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