Actis Sells Inpac International To Stora Enso

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29th October 2010, 01:04am - Views: 696

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Actis Sells Inpac International to Stora Enso

BEIJING, China, Oct. 28 / PRNewswire-AsiaNet /

    Actis (, a leading private equity investor in the

emerging markets, announced today that it has signed an agreement to sell its

30% interest in Inpac International (Inpac), a premier printed paper

packaging manufacturer in China (PPP), to Stora Enso, a global paper,

packaging and wood products company.

    Inpac services the demand from multi-national companies to outsource

packaging to local companies and is a one-stop service provider to its


    Actis began its relationship with Inpac in 2007 with an investment of

US$17.71m of growth capital, which helped the company strengthen its

operations and increase sales despite the global recession of 2008/9. Stora

Enso had known Inpac and Mr. Guo, the founder, for years. After watching the

company sustain itself and emerge much stronger from the worst economic

recession in 30 years, Stora Enso decided to acquire the company as part of

its China growth strategy.

    Commenting on the transaction, Mr. Meng Ann Lim, Actis Partner and

Regional Head - China and SE Asia, said "Inpac's sales have doubled since we

invested in 2007; Mr.Guo's entrepreneurial drive and business acumen

contributed to this growth. Actis has been privileged to fund Inpac's growth

and help Inpac upgrade its operations and governance. We are gratified that

our efforts to work with management and other shareholders have resulted in a

strong company well recognized by Stora Enso."

    "Actis's investment came at a critical juncture of Inpac's development

and facilitated the company's growth during the financial crisis", said


    Stora Enso is a global paper, packaging and wood products company

producing newsprint and book paper, magazine paper, fine paper, consumer

board, industrial packaging and wood products.

    The Group has some 27,000 employees and 88 production facilities in more

than 35 countries worldwide, and is a publicly traded company listed in

Nasdaq OMX in Helsinki and Stockholm.

    About Actis

    Actis is a leading private equity investor in emerging markets

with a growing portfolio of investments in Asia, Africa and Latin America; it

currently has US$4.7bn funds under management. Actis has over 100 investment

professionals on the ground in 9 offices worldwide.

    In Africa, Actis has over US$1.5bn funds under management in

17 countries, and over 25 investment professionals located in Nigeria, South

Africa, Egypt, Kenya and London. Actis closed its US$752m Actis

Infrastructure 2 fund in 2009 and since has made commitments for

infrastructure investments in India, Africa and Central America.

    In 2010, Actis was named African Private Equity Firm of the

Year by Private Equity International magazine for the third consecutive year.

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    Tashi Lassalle


    Source: Actis LLP

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