Actis, an emerging markets private equity firm, has invested USD50m to acquire a substantial minority stake in Integreon, a provider of legal support, research and business services to law firms, financial institutions and corporations.
As part of this investment, JM Trivedi, Actis’s head of South Asia, and Gautham Radhakrishnan, a director at Actis, will join Integreon’s board of directors.
Actis has invested alongside Ayala, the oldest conglomerate in the Philippines, which initially invested in Integreon in 2006 through LiveIt Investments, its business process outsourcing holding company. Ayala will continue to hold a majority stake in Integreon.
With Actis’s investment, Integreon plans to grow its range of services and technologies, launch new delivery centres, and seek strategic acquisitions.
Paul Fletcher (pictured), senior partner at Actis, says: "Outsourced professional services are one of Actis’s core investment strategies and Integreon represents a best in class investment in this sector. Leading international corporations, financial institutions and law firms harness the specialist knowledge capabilities of the emerging markets, and Actis’s investment in Integreon further strengthens this link. We hold the management team of Integreon in high regard and are excited about partnering with Ayala to drive the continued growth, profitability and ambition of the business."
Liam Brown, chief executive of Integreon, adds: "Actis’s long-established understanding of emerging markets, along with their experience investing in business services outsourcing, makes them an ideal partner for Integreon."
