Actis Energy 4 (IFC-38809)

Regions
  • World
Where the impacts of the investment may be experienced.
Specific Location
Africa, Asia and Latin America
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jan 31, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
ACTIS LLP
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 65.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 18, 2018

Disclosed by Bank Oct 31, 2016


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Project Description

According to IFC website, Actis Energy 4 LP is a fund which plans to invest in power generation and distribution assets in emerging markets in Africa, Asia and Latin America. It will be comprised of one or more limited partnerships established under the laws of England and Wales and will be managed by Actis GP LLP, a leading private equity investor in emerging markets which is authorized and regulated by the United Kingdom Financial Conduct Authority. The Fund is a 4th generation successor fund to: (a) Actis Energy 1, a $606m portfolio of assets established in 2002; (b) Actis Infrastructure 2, a $752 million fund closed in 2007; and (c) Actis Energy 3, a $1.15 billion fund closed in 2013.

Investment Description
  • International Finance Corporation (IFC)
Private Actors

Actis is the sponsor and general partner of the Fund. Spun off from CDC Group Plc (CDC, formerly Commonwealth Development Corporation, UK’s developmental financial institution) in 2004 and subsequently privatized, Actis is now a global pan-emerging market private equity firm. Since its inception, Actis has raised c. $9 billion across multiple funds and currently has c. US$5.9 billion under management. IFC is an existing investor in two Actis–managed real estate funds, Actis Africa Real Estate 2 and Actis Africa Real Estate 3.

Contact Information

Project Contact: Adiba Ighodaro
Partner, Actis 
140 Broadway, Suite 2250, New York, NY 10005, United States 
Contact No.: +1 646 822 8061 
Email Address: aighodaro@act.is

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/