Emerging markets private equity firm Actis has invested USD102m in Edita Food Industries, a snack food business in Egypt.   Edita is the largest independent snack food business in North Africa with a suite of iconic brands including Twinkies, Hohos, Molto, Todo and Bake Rolz. It sells around 2.5 billion pieces of croissants, cakes and wafers a year, with an average price point of 10 US cents.   For Actis this investment builds on its three prior successes in the North African food sector: Mo’men, El-Rashidi El-Mizan and Poulina.   The Egyptian snack food market is growing rapidly. Despite the

HNA Group has agreed to acquire GE Capital’s TIP Trailer Services, a provider of transport equipment leasing, rental and service solutions, subject to customary closing conditions, including regulatory approvals.   HNA Group is advised by Bravia Capital of Hong Kong with whom they have historically partnered on other transactions.   Following the completion of the acquisition TIP will operate a network of 48 branches throughout 16 European countries, with over 100 rental locations, more than 50 workshops and 100 mobile service vans. TIP has a transport equipment fleet in excess of 45,000 units.   Adam Tan, vice-chairman and president of

Piper, an investor in consumer brands, has taken a significant minority stake in Turtle Bay, a Caribbean restaurant group.   Turtle Bay is the brainchild of Aj Jaya-Wickrema, who co-founded Las Iguanas, a previous Piper investment. Piper helped Las Iguanas grow from a regional operator of four restaurants into Britain’s market leading Latin American chain, delivering a 6x multiple on its investment on exit in 2007.   Turtle Bay, which promises “to transport you to the Caribbean without a plane ticket”, offers authentic food and drink inspired by the islands’ vibrant culture. The first site opened in Milton Keynes in 2011, followed by restaurants in Bristol, Nottingham and Southampton. The business plans to open

AXA Private Equity has agreed to sell its majority stake in Outremer Telecom to Altice, the telecoms investment fund.   Jean-Michel Hegesippe, chief executive and founder of Outremer Telecom, and the management team will reinvest alongside Altice.   Founded in 1986, Outremer Telecom is an alternative telecoms operator in the French overseas regions. Through its brand Only, the group operates in two geographic areas: the Antilles and Guyana (Martinique, Guadeloupe and Guyana) and the Indian Ocean (La Réunion and Mayotte). Outremer Telecom provides fixed and mobile telephony, high speed internet access and video on demand to residential and professional customers. In

Arsenal Capital Partners has signed an agreement to acquire ADCO Global, a manufacturer of specialty adhesives, sealants and tapes.   ADCO Global is a portfolio company of Aurora Capital Group, a Los Angeles-based private equity firm. The transaction is subject to customary conditions to closing, including regulatory approval, and is expected to close during the third quarter of 2013.   Headquartered in Lincolnshire, Illinois, ADCO Global is a supplier of specialty adhesives, sealants, tapes, and coatings serving the construction, transportation, and industrial markets throughout the world. ADCO Global develops specialised solutions for insulating glass window, roofing, solar panel, wind, bus/trailer/RV,