Actis Invests in Egypt-based Integrated Diagnostics Holdings and Brazil-based Genesis Group (MENA)

Source: Actis, The Abraaj Group

Pan-emerging markets private equity firm Actis has acquired a 21 percent stake in Egypt-based Integrated Diagnostics Holdings, a private sector healthcare diagnostics service provider. Global growth markets investor The Abraaj Group partially exited through the transaction. The company intends to accelerate its growth and offer new and complementary services to its customers. Separately, Actis has acquired a stake in Brazil-based grain testing and inspection business Genesis Group. The company intends to improve customer service and access new markets. Financial details for both transactions were not disclosed.