Actis Sells Inpac International to Stora EnsoBy Actis Llp, PRNE
Wednesday, October 27, 2010
BEIJING, October 28, 2010 - Actis (www.act.is/), a leading private equity investor in the
emerging markets, announced today that it has signed an agreement to sell its
30% interest in Inpac International (Inpac), a premier printed paper
packaging manufacturer in China (PPP), to Stora Enso, a global paper,
packaging and wood products company.
Inpac services the demand from multi-national companies to outsource
packaging to local companies and is a one-stop service provider to its
Actis began its relationship with Inpac in 2007 with an investment of
US$17.71m of growth capital, which helped the company strengthen its
operations and increase sales despite the global recession of 2008/9. Stora
Enso had known Inpac and Mr. Guo, the founder, for years. After watching the
company sustain itself and emerge much stronger from the worst economic
recession in 30 years, Stora Enso decided to acquire the company as part of
its China growth strategy.
Commenting on the transaction, Mr. Meng Ann Lim, Actis Partner and
Regional Head - China and SE Asia, said "Inpac's sales have doubled since we
invested in 2007; Mr.Guo's entrepreneurial drive and business acumen
contributed to this growth. Actis has been privileged to fund Inpac's growth
and help Inpac upgrade its operations and governance. We are gratified that
our efforts to work with management and other shareholders have resulted in a
strong company well recognized by Stora Enso."
"Actis's investment came at a critical juncture of Inpac's development
and facilitated the company's growth during the financial crisis", said
Stora Enso is a global paper, packaging and wood products company
producing newsprint and book paper, magazine paper, fine paper, consumer
board, industrial packaging and wood products.
The Group has some 27,000 employees and 88 production facilities in more
than 35 countries worldwide, and is a publicly traded company listed in
Nasdaq OMX in Helsinki and Stockholm.
Actis is a leading private equity investor in emerging markets
with a growing portfolio of investments in Asia, Africa and Latin America; it
currently has US$4.7bn funds under management. Actis has over 100 investment
professionals on the ground in 9 offices worldwide.
In Africa, Actis has over US$1.5bn funds under management in
17 countries, and over 25 investment professionals located in Nigeria, South
Africa, Egypt, Kenya and London. Actis closed its US$752m Actis
Infrastructure 2 fund in 2009 and since has made commitments for
infrastructure investments in India, Africa and Central America.
In 2010, Actis was named African Private Equity Firm of the
Year by Private Equity International magazine for the third consecutive year.
Actis Tashi Lassalle +44(0)20-7234-5045 email@example.com
Actis: Tashi Lassalle, +44(0)20-7234-5045, tlassalle at act.is
Tags: Actis Llp, Beijing, China, October 28