GJO & Partners
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Actis

Public data, unclaimed profile

Fund manager (General Partner), specialist in sustainable infrastructure in emerging markets. Assets under management: ≈ USD 12.5bn.

At a glance

Based on observed investment behaviour: 22 recorded deals

Investor type
Private equity or venture capital fund (inferred, not verified)
Capital type
Private equity (inferred from deals)
Observed ticket
54 M$ – 355 M$, median 116 M$ (6 disclosed amounts)
Stated ticket : 50 M$ – 300 M$
Countries
South Africa (9), Nigeria (4), Cameroon (2)
Activities
Commercial real estate (3), Specialty retail (3), Power generation (utility-scale) (2)
Instruments
Equity (22)
Stages
Growth (22)
Recent activity
0 deal in 12 months, latest Mar 2025

Stated thesis versus observed behaviour

  • Sectors: 32% of its deals within its stated thesis
  • Countries: 82% of its deals within its stated thesis
  • Ticket: 100% of its deals within its stated thesis

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Describe your need: the target list shows, for each source of capital, why it fits and which deals prove it.

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Investment thesis

Criteria published by the fund, recorded and checked by Invest Matching.

Investment ticket
50 M$ – 355 M$*
Instruments
Equity
Preferred sectors
Energy, Infrastructure (all), Manufacturing, Water & environment*, Real estate*, Telecoms & digital infrastructure*, Transport & civil engineering*, Retail & distribution*, Fintech*, Business & personal services*, Financial services*
Target geographies
Nigeria, Kenya, Egypt, Morocco, Ghana, Côte d'Ivoire, Uganda, South Africa, Cameroon*, Tanzania*, Zambia*

* added from its deals

Stages (stated by the fund and from its deals)
Growth

Team and contacts

LinkedIn profiles, emails and phone numbers are reserved for signed-in members: create an account to access them.

Reference deals

Recent public deals: they say better than a thesis what the fund actually signs.

Swiftnet

March 2025 · South Africa
Growth355 M$EquityTelecoms & digital infrastructureLead

Activity : Telecom towers and fibre

Announced March 2024, completed March 2025 — 12 months from announcement to closing

Instrument : Acquisition of 100% (Actis 70%) — enterprise value ZAR 6.75bn, ≈ USD 355m at announcement, ≈ USD 370m at completion

South Africa's leading telecom tower portfolio: over 4,000 sites, 100% sold by Telkom, with long-term contracted revenue from Telkom and other anchor tenants.

Why they invested

  • Create a leading independent tower platform in South Africa
  • Tower densification, rural coverage and the 3G/4G-to-5G transition
  • Long-term contracted revenue from anchor tenants
  • Actis' ninth digital infrastructure investment (over USD 1.5bn committed to the sector)

Co-investors Mineworkers Investment Company, Royal Bafokeng Holdings

Source : act.isN1 · Primary source

Octotel

October 2020 · South Africa
Growth167 M$EquityTelecoms & digital infrastructureLead

Activity : Telecom towers and fibre

Instrument : Acquisition d'une participation de 85 % ; cédée en 2024 · Vehicle : Neoma Africa Fund III

Largest open-access fibre network in the Western Cape (350,000 homes and businesses passed in 2024), open to some 60 ISPs.

Why they invested

  • Strong broadband demand as copper networks age
  • Western Cape focus delivering economies of scale
  • Expected market consolidation offering an exit route

Source : act.isN1 · Primary source

Rack Centre

March 2020 · Nigeria
GrowthUndisclosed amountEquityTelecoms & digital infrastructureLead

Activity : Data centres and cloud

Instrument : Participation de contrôle ; premier actif d'une plateforme panafricaine de data centres de 250 M$

Tier III carrier-neutral data centre in Lagos connected to the region's main networks and submarine cables.

Why they invested

  • Growing demand for data-centre capacity in Africa
  • Nigeria as an entry point for global cloud players
  • Pan-African platform through acquisitions and development

Source : act.isN1 · Primary source

Azura-Edo

December 2019 · Nigeria
GrowthUndisclosed amountEquityEnergyCo-Invest

Co-investor alongside Africa50

Activity : Power generation (utility-scale)

Azura-Edo is a 461 MW independent power plant generating electricity from natural gas.

Why they invested

  • Support the first large privately financed independent power plant after Nigeria's power-sector reform
  • Increase power-generation capacity
  • Provide more reliable electricity to households and businesses

Source : africa50.comN1 · Primary source

BTE Renewables

August 2019 · South Africa
GrowthUndisclosed amountEquityEnergyLead

Activity : Renewable power plants: solar, wind, hydro, geothermal, biogas

Instrument : Acquisition de BioTherm Energy auprès de Denham Capital

Pan-African renewable energy platform (formerly BioTherm Energy) with wind and solar assets in South Africa and Kenya.

Why they invested

  • Africa's renewable growth potential
  • BioTherm's team and expertise
  • Regional solar, wind and biogas platform

Source : act.isN1 · Primary source

Douala Grand Mall and Business Park

April 2018 · Cameroon
Growth200 M$EquityInfrastructure (all)Lead

Activity : Centre commercial et parc d'affaires

Instrument : Investissement de 200 M$ (80 Md FCFA)

18,000 m² shopping centre and business park in Douala.

Why they invested

  • Diversify Actis's Cameroon portfolio beyond power
  • Modern commercial real estate in Douala
  • Local jobs

Source : gov.uk

Food Lover's Market

December 2015 · South Africa
Growth54 M$EquityRetail & distributionLead

Activity : Food retail

Instrument : Participation minoritaire significative (760 M ZAR)

Largest independent food retailer in Africa, focused on fresh produce, operating across Southern Africa and beyond.

Why they invested

  • Growth of Africa's middle class
  • Strong position in fresh produce
  • Expansion in South Africa and Sub-Saharan Africa

Source : act.isN1 · Primary source

Sigma Pensions

November 2015 · Nigeria
Growth62 M$EquityFinancial servicesLead

Activity : Asset management and markets

Instrument : Participation majoritaire

Nigerian pension fund administrator with over 650,000 members and a nationwide network.

Why they invested

  • Low pension penetration in Nigeria
  • Asset management and savings platform
  • Established brand in a fast-growing market

Source : act.isN1 · Primary source

Coricraft Group

September 2015 · South Africa
GrowthUndisclosed amountEquityRetail & distributionCo-Invest

Activity : Specialty retail

Instrument : Participation minoritaire significative

One of South Africa's leading home furnishings retailers.

Why they invested

  • Growing demand for home goods
  • Attractive value proposition
  • Support network expansion

Co-investors Westbrooke

Source : act.isN1 · Primary source

Lekela Power

2015 · South Africa
GrowthUndisclosed amountEquityEnergyLead

Activity : Renewable power plants: solar, wind, hydro, geothermal, biogas

Instrument : Participation de 60 % ; Mainstream Renewable Power détient 40 %

Pan-African wind and solar platform (about 1GW) across several African countries.

Why they invested

  • Africa's structural power deficit
  • Aggregate renewable assets into a regional platform
  • About 1GW of wind and solar capacity

Co-investors Mainstream Renewable Power

Source : act.isN1 · Primary source

Tekkie Town

November 2014 · South Africa
Growth65 M$EquityRetail & distributionLead

Activity : Specialty retail

Instrument : Participation minoritaire significative

South Africa's leading independent sports and lifestyle footwear retailer, with a large store network.

Why they invested

  • Growth of Africa's middle class
  • Differentiated retail brand in a growing consumer sector
  • Experienced management team

Source : act.isN1 · Primary source

Compuscan

April 2014 · South Africa
GrowthUndisclosed amountEquityFintechLead

Activity : Regtech, identity and fraud prevention

Instrument : Acquisition de 100 % via Credit Services Holdings, plateforme de build-up créée par Actis · Vehicle : Credit Services Holdings

Africa's largest independent credit bureau: credit data and decision tools for banks, telcos, retailers and microfinance institutions.

Why they invested

  • Build Africa's credit infrastructure
  • Improve credit access and reduce bad debt
  • Pan-African platform through acquisitions

Source : act.isN1 · Primary source

AutoXpress

February 2014 · Kenya
GrowthUndisclosed amountEquityRetail & distributionLead

Activity : Specialty retail

Instrument : Participation de 36 %

East Africa's leading tyre wholesaler and retailer, operating in Kenya and Rwanda.

Why they invested

  • Growing demand for replacement parts
  • Turn a family business into a regional platform
  • Growing vehicle parc in East Africa

Source : act.isN1 · Primary source

Eneo

2014 · Cameroon
GrowthUndisclosed amountEquityEnergyLead

Activity : Power transmission and distribution

Instrument : Acquisition d'une participation de 56 %

Cameroon's integrated power utility: over 900MW of capacity and more than 900,000 customers.

Why they invested

  • Improve safety and operational efficiency
  • Raise Cameroon's electrification rate
  • Actis's experience in African power distribution

Source : act.isN1 · Primary source

Paycorp

August 2013 · South Africa
GrowthUndisclosed amountEquityFintechLead

Activity : Payments and mobile money

Instrument : Acquisition

Prepaid cards, payment terminals and an ATM network across Southern Africa.

Why they invested

  • Payments infrastructure and financial inclusion
  • Consolidate the South African position
  • Actis's fifth payments investment in three years

Source : act.isN1 · Primary source

York Commercial Park

2013 · Zambia
GrowthUndisclosed amountEquityReal estateLead

Activity : Industrial zones and parks

Instrument : Développement immobilier ; Improvon associé minoritaire

Modern industrial and logistics park in Lusaka: warehouses and flexible light-industrial units.

Why they invested

  • Shortage of modern industrial space in Lusaka
  • Quality warehousing for local and multinational firms
  • Specialist industrial property partner

Co-investors Improvon

Source : act.isN1 · Primary source

Jabi Lake Mall

2012 · Nigeria
GrowthUndisclosed amountEquityReal estateLead

Activity : Commercial real estate

Instrument : Développement immobilier

Shopping centre of about 27,000 m² in Abuja.

Why they invested

  • Demand for modern retail in Abuja
  • Leading shopping destination in the capital
  • Follows Accra Mall, The Palms, The Junction and Ikeja City Mall

Source : act.isN1 · Primary source

The Exchange

2012 · Ghana
GrowthUndisclosed amountEquityReal estateCo-Invest

Activity : Commercial real estate

Instrument : Développement immobilier en partenariat avec Mabani Holdings

Mixed-use urban development in Accra: offices, homes, retail and a hotel.

Why they invested

  • Shortage of quality real estate in Accra
  • High energy-performance building
  • Demand from international companies

Co-investors Mabani Holdings

Source : act.isN1 · Primary source

One Airport Square

2011 · Ghana
GrowthUndisclosed amountEquityReal estateLead

Activity : Commercial real estate

Instrument : Développement immobilier

Mixed-use office, retail and parking building in Accra, delivered by Actis portfolio company Laurus Development Partners.

Why they invested

  • Demand for international-standard offices in Accra
  • High environmental-performance building
  • Growth of Ghana's oil and services sectors

Source : act.isN1 · Primary source

Mentor Management

2011 · Kenya
GrowthUndisclosed amountEquityBusiness & personal servicesLead

Activity : Consulting and professional services

Instrument : Participation de contrôle

Kenyan leader in project and construction management: procurement, planning, cost control and supervision.

Why they invested

  • Fill the gap in local real-estate delivery capability
  • Long track record in Kenya
  • Support Actis's real-estate developments

Source : act.isN1 · Primary source

Globeleq Africa

2009 · Tanzania
GrowthUndisclosed amountEquityEnergyLead

Activity : Power generation (utility-scale)

Instrument : Participation de contrôle, transférée de CDC à Actis Infrastructure 2 · Vehicle : Actis Infrastructure 2

Pan-African power generation platform (thermal and renewable) across several Sub-Saharan African countries.

Why they invested

  • Regional power generation platform
  • Growing electricity demand in Africa
  • Assets spread across several African markets

Source : act.isN1 · Primary source

Umeme

2005 · Uganda
GrowthUndisclosed amountEquityEnergyLead

Activity : Power transmission and distribution

Instrument : Reprise à la privatisation

Uganda's national electricity distributor, taken over at the privatisation of the network.

Why they invested

  • Improve network quality and efficiency
  • Increase customer connections
  • Reduce technical and commercial losses

Source : act.isN1 · Primary source

In short

Actis invests tickets ranging from 50 M$ to 355 M$, across the following sectors: Energy, Infrastructure (all), Manufacturing, Water & environment, Real estate, Telecoms & digital infrastructure, Transport & civil engineering, Retail & distribution, Fintech, Business & personal services, and Financial services, in the following areas: Nigeria, Kenya, Egypt, Morocco, Ghana, Côte d'Ivoire, Uganda, South Africa, Cameroon, Tanzania, and Zambia. Check in 30 seconds whether your company fits these criteria.