General Atlantic acquires major investor in African data centers
TLDR
- General Atlantic has acquired Actis, a UK-based infrastructure investor, expanding its assets under management to approximately $96 billion.
- Actis will become part of General Atlantic's sustainable infrastructure arm, contributing around $12.5 billion in assets focused on energy transition, digital transformation, and supply chain evolution.
- This move reflects a broader trend of investors capitalizing on the growth of alternative assets, following BlackRock's acquisition of Global Infrastructure Partners for $12.5 billion.
U.S. private equity firm General Atlantic has made a deal to acquire UK-based infrastructure investor Actis, a significant player in African data centers. The move reflects a broader trend of investors banking on the growth of alternative assets.
Although the financial terms of the deal were not disclosed, the agreement will expand General Atlantic's assets under management to approximately $96 billion. As part of this deal, Actis will transition into GA's sustainable infrastructure arm, contributing around $12.5 billion in assets focusing on energy transition, digital transformation, and supply chain evolution.
This development follows closely on the heels of BlackRock's recent agreement to acquire Global Infrastructure Partners for $12.5 billion, positioning the asset management giant at the forefront of investments in global ports, power, and digital infrastructure projects.
Key Takeaways
Actis, with a portfolio managing investments across 17 countries, has played a significant role in investing in infrastructure projects in Africa. Accra Mall, Ikeja City Mall, Rack Centre, and the Azura Energy Project are notable among these projects. Over the past two decades, Actis has allocated over $2 billion to energy infrastructure in Africa, covering utility-scale renewable projects, commercial and industrial solar plants, as well as power generation through natural gas. This acquisition aligns with the rising interest among global investors in infrastructure investments, particularly in energy transition initiatives and data centers. The move reflects a broader trend where investors increasingly recognize the potential and opportunities in projects that contribute to sustainable energy practices and the growing digital infrastructure sector.
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