Actis Capital LLP, a Private Equity (PE) firm, has its eye on emerging markets, to raise USD 3 billion South-Asia fund. Rs 4, 100 crore (USD 1 billion) from the fund will be invested in India; Actis is quoted to have said.
“Actis’ investment targets in India will be growing companies in industry categories such as manufacturing, service business,” said an executive who didn’t want his name mentioned.
“It will provide financing for control and shared control deals, management buyouts, as well as expansion capital in sectors such as technology, business process outsourcing, pharmaceuticals, fast moving consumer goods, financial services and automotive ancillaries,” he added.
“There is an increased momentum for private equity funding as growth-oriented companies today prefer to partner with reputed private equity investors who cannot only provide money, but help them in management strategy,” said a financial analyst associated with an equity research firm in Mumbai.
Source : SDA India