Buyout (LBO, MBO, MBI) • Financial Services

Actis Capital Acquires SSB Bank

On January 1, 1999, private equity firm Actis Capital acquired financial services company SSB Bank

Acquisition Context
  • This is Actis Capital’s 1st transaction in the Financial Services sector.
  • This is Actis Capital’s 1st transaction in Ghana.

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M&A Deal Summary

Date January 1, 1999
Target SSB Bank
Sector Financial Services
Buyer(s) Actis Capital
Deal Type Buyout (LBO, MBO, MBI)

Target Company

SSB Bank

Ghana
SSB is one of Ghana's largest banks with over 220,000 individual customers and over 26,000 business customers. The bank is now part of Societe Generale's retail banking network.
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Buyer Overview 1

Buyer

Actis Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Actis Capital is a private equity firm focused on investments in emerging markets. Actis segments its investment activity into three areas. These include private equity, energy, and real estate. Actis' private equity team looks for buyout and growth capital opportunities requiring at least $50 million in financing. Depending on the situation, Actis will consider both controlling and minority investment situations. Sectors of interest include financial services, consumer and retail, business services, and industrial. Actis' energy group seeks to invest in in a variety of energy and utility projects. Actis' real estate team invests equity capital in office, residential, industrial, hotel and retail projects. Actis Capital was established in 2004 and is based in London, United Kingdom.


Deal Context for Buyer #
Overall 8 of 163
Sector: Financial Services 1 of 13
Type: Buyout (LBO, MBO, MBI) 5 of 52
Country: Ghana 1 of 5
Year: 1999 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Regal Forest Holding Company

San Salvador, El Salvador

Regal Forest Holding Company Ltd. is a retailer of white and brown goods, electronics and furniture in El Salvador, Honduras, Guatemala and Nicaragua with a market share of around 30% in all countries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-01 Megabowl

Cranfield, United Kingdom

Megabowl Ltd is a tenpin bowling operator.

Buy €182M