Actis, a private equity firm based in the UK, is to sell its 82% stake in India-based Sterling Hospital to Addlife Investments Pvt Ltd, the private equity firm promoted by Girish Patel.
Companies in India closed 360 private equity deals in the January-October period of this year. The total value of private equity deals amounted to USD8.9 billion.
Private equity firm Actis announced its acquisition of Paycorp, a South-African payments business for USD 95 million.
HealthCare Global and DM Healthcare revealed that they have offered separate bids for the Actis owned Sterling Hospitals.
Old Mutual Investment Group announced that it had launched a new private equity fund which is to be invested in private equity funds in South Africa.
Sources revealed that Actis is looking to offload its stake in Nilgiri Dairy Farm for around US$110 million.
Actis planned to acquire 25% stake in Symbiotec Pharmalab.
Actis is finalizing a deal where it would make it a significant minority shareholder in Symbiotec Pharmalab.
The head of Actis' Singapore office, Gary Addison, has left the emerging markets private equity firm after four and a half years