Actis-backed Blupine Energy acquires select India assets from Acme Group
BluPine Energy Pvt. Ltd, a renewable energy platform established in India by the UK-based private equity firm Actis, on Monday said it has completed the acquisition of 369 megawatts (MW) solar power assets from Indian renewable energy producer Acme Group. While, the companies declined to disclose transaction details of the deal, ......
BluPine CEO on consolidation and why ‘obsession’ with low solar, wind tariffs must end
The UK-based private equity firm Actis is building its third renewable energy platform in India, BluPine Energy, after setting up and selling Ostro Energy and Sprng Energy in the past. Actis will deploy $800 million to grow BluPine and is taking a different approach than Ostro and Sprng. In an interview with VCCircle, BluPine CEO Neerav Nanavaty talks about the company's expansion plan and implementation challenges. ......
How Actis’ BluPine differs from its previous two India green energy platforms
The UK-based private equity firm Actis is moving away from plain vanilla wind and solar power generation projects and will focus on hybrid ones as it goes about deploying $800 million in India’s renewable energy sector via its third investment vehicle BluPine Energy, a top executive said. BluPine is also consciously adopting an approach different from Actis’ previous two ......
Grapevine: Actis, Sembcorp eye Brookfield assets; GIC, Blackstone property deal falls
Private equity firm Actis' renewable energy platform BluPine Energy and Sembcorp Industries Ltd are among those considering the acquisition of Brookfield Renewable's 1.6 gigawatt (GW) portfolio in India, valued at around $800 million, a media report said. JP Morgan is managing the sale process for the portfolio, which includes 1 GW ......
Avendus’ Prateek Jhawar on dealmaking trends, family offices’ interest in real assets and more
Mumbai-based Avendus Capital was among the top investment banks in India during 2023 for both private equity and merger and acquisition transactions. It advised on several deals in the tech domain such as the $500-million investment in Lenskart by Abu Dhabi Investment Authority as well as many transactions in the ......
Actis acquires four road assets from Patel Infrastructure
UK-based private equity firm Actis has acquired a portfolio of four operational highway assets from Indian infra developer Patel Infrastructure Ltd for an undisclosed sum. The projects – out of which two acquisitions have been completed and the other two are in the process of being acquired – are of the ......
Actis makes over $200-mn monetisation move from biggest India bet
Private equity firm Actis, which had a rather quiet 2023 in India after a hectic 2022 when it struck deals worth over $1 billion, has kicked off the new year with a move to monetise its biggest local bet. The emerging markets-focused PE firm had stitched at least four transactions in India ......
US private equity firm General Atlantic to acquire UK's Actis
US-based General Atlantic has entered into an agreement to buy UK-based Actis, the two private equity firms said Tuesday. The two firms didn't disclose financial terms of the deal but said the combined firm will create a global investment platform with about $96 billion in assets under management. The transaction signals the ......
Actis taps Asian investor for climate fund with India mandate
The UK-based private equity firm Actis, which launched a fund in February to invest in climate transition opportunities across Asia, has tapped a multilateral financial institution as a limited partner for the investment vehicle. The alternative asset manager, which is building its third renewable energy platform in India, has brought on ......
How Actis retuned its India play to strike bigger, bolder bets
For British infrastructure and real estate-focused private equity firm Actis, 2022 was a busy year in India. In November, Actis-owned investment vehicle BluPine Energy acquired a 404 MW pan-India solar portfolio from the Atha Group. The deal came just months after Actis launched BluPine and committed $800 million to the platform ......
