Actis owned Honoris United Universities acquires Merit University (Egypt)

The Actis wholly-owned subsidiary known as Honoris United Universities, has acquired Merit University (based in Egypt). Merit University is a private medical university that provides degrees in medicine, pharmacy and physiotherapy among other courses. The acquisition will expand the Honoris United Universities portfolio of universities which are located in Southern Africa and North Africa. The acquisition amount or the stake acquired were not disclosed.

The Honoris United Universities has a network of 11 institutions in 10 countries and 32 cities in Africa. Actis is a large private equity investor in growth markets across Africa, Asia and Latin America. The firm was established in 2004 and has over the period raised US$15-billion. Actis employs over 200 people working across 16 offices globally.  Actis has deployed capital to over 70 companies around the world and contributes to the employment of over 116,500 people.

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