Actis Concludes Partial Exit from XP Investimentos (Latin America)
Source: Actis, Financial Times | Author: Joe Leahy
Emerging markets private equity investor Actis has partially exited its holding in Brazilian independent brokerage XP Investimentos by selling approximately half of its stake to global private equity firm General Atlantic. Actis had originally invested US$58 million in XP Investimentos in November 2010. Financial details of the transaction were not disclosed, but the amount paid by General Atlantic was reported to be BRL420 million (approximately US$201 million).