Actis Exits Xiabu Xiabu (Asia)
Emerging markets private equity investor Actis has sold its stake in Chinese restaurant chain Xiabu Xiabu to global private equity firm General Atlantic. Actis first invested in Xiabu Xiabu, which specializes in Chinese hot-pot dishes, in November 2008. During Actis’s investment period, Xiabu Xiabu expanded from 60 restaurants in Beijing and Tianjin to over 300 throughout China. Financial details of the transaction were not disclosed.