Latest news with #Actis
Bloomberg
13-05-2025
- Business
- Bloomberg
Actis Raises $1.7 Billion for Second Long Life Infra Fund
Takeaways NEW Actis, an investment firm which was acquired by General Atlantic, has raised $1.7 billion for its new emerging markets-focused infrastructure fund. The global infrastructure investor has already deployed nearly 50% of Actis Long Life Infrastructure Fund 2 and has a near-term deal pipeline of more than $2 billion, according to a statement reviewed by Bloomberg News.
Arabian Business
25-04-2025
- Business
- Arabian Business
Emicool secures first-ever green financing to boost sustainable growth
Emirates District Cooling (Emicool), a leading provider of sustainable district cooling services in the UAE and a joint venture between Dubai Investments and Actis, has successfully secured its first-ever green financing, reinforcing its commitment to environmental sustainability and energy efficiency. The agreement was signed by Dr. Adib Moubadder, CEO of Emicool, in the presence of other representatives from Emicool and the banks. The Syndicated Financing Facility is led by Dubai Islamic Bank and Abu Dhabi Commercial Bank, with a 60:40 share, totaling AED 2.25 billion — of which AED 1.95 billion is classified as Green Financing to be used for Eligible Green Projects. Commenting on the deal, Dr. Adib Moubadder, CEO of Emicool, said, 'Securing this green financing facility is a testament to our ongoing commitment to sustainability and innovation. This funding will optimise our capital structure while expanding our energy-efficient cooling services in line with the UAE's green economy vision.' 'As a company deeply aligned with the UAE's Net Zero by 2050 strategy, this milestone reinforces Emicool's leadership in the green district cooling space. By embedding sustainability into both our financial and operational strategies, we are driving meaningful change across the utilities sector and setting new benchmarks for climate-conscious infrastructure,' he added. Structured with a five-year moratorium and an extended facility term of 12 years, the financing mirrors a bond-like framework that enhances Emicool's capital efficiency. The liquidity generated will be strategically deployed to accelerate the company's district cooling projects across the UAE and the wider region. Compliant with internationally recognised Green Loan Principles (GLP), the facility ensures funds are directed toward environmentally responsible projects that prioritise energy efficiency and carbon reduction. 'This green financing is not just a financial milestone for Emicool — it's a defining moment in the company's journey toward building a more resilient, sustainable future. Dubai Investments sees this as a validation of the Group's strategy to invest in transformative infrastructure that delivers both commercial value and creates a sustainable and measurable environmental impact,' said Abdulaziz Bin Yagub AlSerkal, CEO – Industrial Platform, Dubai Investments. Max Burke, a representative from Actis, commented: 'Sustainability and responsible investment are at the heart of Actis' strategy. This milestone financing for EMICOOL underscores our vision for supporting environmentally and socially responsible infrastructure projects. We look forward to EMICOOL's continued leadership in sustainable district cooling and contribution to global climate goals.' Emicool's district cooling solutions have consistently delivered superior energy savings compared to traditional systems, making the company an ideal candidate for green financing. Moody's has issued a Second Party Opinion, awarding the facility a Sustainability Quality Score of SQS3 (Good), affirming Emicool's alignment with global best practices in sustainable finance.
Khaleej Times
25-04-2025
- Business
- Khaleej Times
Emicool secures first-ever green financing to propel sustainable growth
Emirates District Cooling (Emicool), a leading provider of sustainable district cooling services in the UAE and a joint venture between Dubai Investments and Actis, has successfully secured its first-ever Green Financing, reinforcing its commitment to environmental sustainability and energy efficiency. The agreement was signed by Dr Adib Moubadder, CEO of Emicool, in the presence of other representatives from Emicool and the banks. The Syndicated Financing Facility is led by Dubai Islamic Bank and Abu Dhabi Commercial Bank, with a 60:40 share, totaling Dh2.25 billion — of which Dh1.95 billion is classified as green financing to be used for eligible green projects. Commenting on the deal, Dr Adib Moubadder, CEO of Emicool, said, 'Securing this green financing facility is a testament to our ongoing commitment to sustainability and innovation. This funding will optimise our capital structure while expanding our energy-efficient cooling services in line with the UAE's green economy vision. As a company deeply aligned with the UAE's Net Zero by 2050 strategy, this milestone reinforces Emicool's leadership in the green district cooling space. By embedding sustainability into both our financial and operational strategies, we are driving meaningful change across the utilities sector and setting new benchmarks for climate-conscious infrastructure.' Structured with a five-year moratorium and an extended facility term of 12 years, the financing mirrors a bond-like framework that enhances Emicool's capital efficiency. The liquidity generated will be strategically deployed to accelerate the company's district cooling projects across the UAE and the wider region. Commenting on the deal, Abdulaziz Bin Yagub AlSerkal, CEO – Industrial Platform, Dubai Investments, said: 'This green financing is not just a financial milestone for Emicool — it's a defining moment in the Company's journey toward building a more resilient, sustainable future. Dubai Investments sees this as a validation of the Group's strategy to invest in transformative infrastructure that delivers both commercial value and creates a sustainable and measurable environmental impact.' Max Burke, a representative from Actis, commented: 'Sustainability and responsible investment are at the heart of Actis' strategy. This milestone financing for Emicool underscores our vision for supporting environmentally and socially responsible infrastructure projects. We look forward to Emicool's continued leadership in sustainable district cooling and contribution to global climate goals.' Compliant with internationally recognised Green Loan Principles (GLP), the facility ensures funds are directed toward environmentally responsible projects that prioritize energy efficiency and carbon reduction. Emicool's district cooling solutions have consistently delivered superior energy savings compared to traditional systems, making the company an ideal candidate for green financing. Moody's has issued a Second Party Opinion, awarding the facility a Sustainability Quality Score of SQS3 (Good), affirming Emicool's alignment with global best practices in sustainable finance.
Yahoo
26-03-2025
- Business
- Yahoo
Actis buys Stride Climate Investments from Macquarie Asset Management
Sustainable infrastructure investor Actis has bought the complete stake in Stride Climate Investments, a solar generation asset portfolio in India, in a deal the value of which has not been disclosed. The stake has been acquired from a fund managed by Macquarie Asset Management. The acquisition includes Stride's 371MW (414MWp) portfolio of operating solar photovoltaic (PV) assets, which are distributed across 21 projects in seven Indian states, the majority in the state of Gujarat. The Stride portfolio features long-term pay-as-produced power purchase agreements. The agreements are with a diversified pool of off-takers, including central and state governments and the country's private sector. Actis Long Life Infrastructure head and partner Adrian Mucalov stated: 'The acquisition of Stride aligns nicely with Actis' long life infrastructure investment approach. The business has a 10-year operating history, compelling cash generation and low existing leverage. 'We believe Stride offers strong prospects to deliver cash yields to investors while also being in a dynamic, rapidly growing market.' Actis has invested more than $7.1bn in Asia, and has built or operated 8GW of installed capacity, including 5.5GW in renewables, in the region. The acquisition marks Stride as Actis' third energy generation platform in India, joining BluPine Energy and Athena Renewables. Actis Energy Infrastructure partner Abhishek Bansal stated: 'Actis has a long experience of successful investment in the Indian renewable energy sector, exemplified by Ostro Energy and Sprng Energy previously, as well as by our current renewables platforms. 'The Indian economy is continuing to grow rapidly, and its energy transition is accelerating apace, with the government aiming to secure 50% of the country's electricity from renewables by 2030. This environment is therefore creating ample opportunities, especially for an investor such as Actis with expertise in driving efficiency and creating value in this market.' In September 2024, Actis signed a strategic partnership with Meralco Powergen and its subsidiary Solar Philippines New Energy Corporation (SPNEC) to invest $600m in the Philippines' Terra Solar project. The agreement entails Actis acquiring a 40% equity stake in the project via the issuance of new shares by SPNEC. "Actis buys Stride Climate Investments from Macquarie Asset Management" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
