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Actis invests in IPO of Tunisian conglomerate Poulina Group21/08/2008. Source: AltAssets. 
 Emerging markets private equity firm Actis has invested in the flotation of Tunisian conglomerate Poulina Group Holding. PGH is valued at $745m and is the largest capitalisation to date on the Tunis Stock Exchange, according to a statement.
PGH has interests primarily in poultry and branded food activities and also across industries including building materials, packaging and retail.
The investment makes Actis one of the largest foreign investors in PGH's IPO, which opened up half of the ten per cent floated capital to international shareholders.
Murray Grant, partner in charge of the Maghreb region for Actis, said, 'Our philosophy is to support groups such as Poulina as they grow and emerge onto the international stage. Being invited to participate in the IPO of Poulina by the management of the group and its advisors, Tunisie Valeurs, is a reflection of the value we can bring to leading businesses such as Poulina with real ambition to grow further. We look forwards to working with the Poulina board and management team going forwards.'
This investment was made through the Canada Investment Fund for Africa, a pan-African private equity fund which Actis manages jointly with Canadian fund manager Cordiant. The Canada Investment Fund for Africa is a public private partnership created by the government of Canada to encourage foreign direct investment in the private sector in Africa.
Last month Actis invested $48.5m in Egyptian food business Mo'men Group.
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