Actis Invests in Sri Lanka’s Asiri Central Hospitals (Asia)
Source: AVCJ | Author: Tim Burroughs
Emerging markets-focused private equity investor Actis has reportedly acquired a 10.8 percent stake in Sri Lanka’s Asiri Central Hospitals for LKR604 million (approximately US$4.5 million). Actis purchased 2.4 million shares in the company, which is listed on the Colombo Stock Exchange, from Softlogic Holdings, Commercial Bank of Ceylon and Pan Asia Banking Corporation. Separately, Actis invested US$40 million in AGS Transact Technologies, an Indian company that specializes in providing transaction and payment technology for the banking, retail and fuel industries.