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Actis hires Chris Coles as senior consultant

03/04/2008Source: AltAssets.  

Emerging markets private equity investor Actis has appointed Chris Coles as senior consultant to enhance the firm's existing risk management capabilities, assist with larger deal sourcing and debt financing and provide ongoing portfolio management support.

Coles joins Actis from Barclays Capital where he was head of European leveraged finance. He actually founded the firm's leveraged finance business and served on the firm's management committee from 2002. Prior to Barclays, he worked for SG Warburg and was group treasurer of WPP Group. He started his career in US commercial banking.

Actis senior partner Paul Fletcher said, 'We are very pleased to be able to bring Chris on board. His broad risk management, financing and commercial experience will help to enhance the dynamics of our investment teams across the firm, enabling us to further realise our ambitions of becoming the leading private equity investor in emerging markets.'

Actis has $3.5bn of funds under management. The firm recently completed the sale of shopping centre The Palms Mall in Lagos, Nigeria.

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