London, March 9th, 2021 – Leading global financial services (“FS”) and Environmental Social Governance Impact (“ESGI”) focused investor group, Apis, today announced the transfer of a team from Actis. Hossam Abou Moussa will join Apis as a Partner, with two other investment professionals. The Actis team moving across brings deep FS sector expertise and experience to Apis’ existing market leading FS franchise, having invested over US$1 billion in 25 FS firms. As part of the transition, the new Apis team will continue to provide advice on certain Actis FS investments in existing portfolios.
Apis will now have over 30 professionals and staff, managing or advising on approximately US$1.3 billion in third-party commitments and investments. Following this strategic move, including its headquarters in London, Apis will have representation in seven countries across Europe, North, East and West Africa and South and Southeast Asia.
Matteo Stefanel, Managing Partner and Co-Founder of Apis said “We have had a strong relationship with Actis since our inception having often collaborated or invested together over the years. This transaction is the outcome of the deep respect between our firms for our mutual capabilities and we are proud that Actis have chosen us as their partner for these investments. The addition of the team lead by Hossam enhances our existing strong capabilities in financial services private equity, creating value for our limited partners across the world.”
Udayan Goyal, Managing Partner and Co-Founder of Apis said “We are proud to be partnering with Actis on these investments leveraging our own track record, experience, infrastructure and native ESGI capabilities. This partnership with Actis further positions Apis as a leader in global financial services private equity investing. We are delighted to have Hossam and his team join Apis and look forward to working with them to continue to grow our firm.”
Rick Phillips, Partner at Actis stated: “The partnership delivers positive outcomes for our investors by retaining the knowledge, experience and relationships of the team in an advisory capacity for a number of our financial services investments. We are very pleased to be working with Apis who we identified as the optimal partner to collaborate with us on our financial services investments. This arrangement also offers the individuals joining Apis a long-term opportunity to build on their track record in a firm successful in the financial services space. We look forward to continuing to work together in this capacity.”
Hossam Abou Moussa, Partner at Actis said “I am delighted to be joining Matteo, Udayan and the team at Apis in order to add to an existing market leading franchise in financial services investing. I believe that together we have an opportunity to build the global leader in private equity financial services investing.”
Actis is a leading investor in growth markets, delivering consistent competitive returns, responsibly. It has a growing portfolio of investments across Asia, Africa and Latin America, and has raised over US$19 billion since inception.
Applying developed market disciplines to growth markets, an established team of circa 120 investment professionals in eleven countries identify investment opportunities in response to two trends: rising domestic consumption and the need for sustained investment in infrastructure across private equity, energy and real estate asset classes.
Actis is a signatory to the United Nations backed Principles for Responsible Investment (UNPRI), an investor initiative developed by the UNEP FI and the UN Global Compact. Actis targets consistent superior returns across asset classes over the long-term, bringing financial and social benefits to investors, consumers and communities.
Apis is an ESGI-native global private equity group that supports growth stage financial services and financial infrastructure businesses by providing them with catalytic growth equity capital. Apis Partners LLP (one of the entities in the group) manages total committed capital from investors (including drawn and invested capital) of ca. US$1 billion.
Apis is highly conscious of the developmental impact that the provision of growth capital for financial services and financial infrastructure businesses in growth markets can achieve, and as such, financial inclusion is a core tenet of Apis’ approach and investment mandate.
Apis became a signatory to the United Nations backed Principles for Responsible Investment (UNPRI) upon inception of the firm in 2014.