Infrastructure investor is acquiring a portfolio of three operational toll roads in Colombia from Spanish infrastructure firm Sacyr in a $1.6bn (鈧�1.4bn) deal.
Actis is investing on behalf of its Long Life Infrastructure Fund 2 (ALLIF2) to acquire the 123km Pamplona-Cucuta toll road completed in November 2024, a controlling stake in the 112km strategic Rumichaca-Pasto highway that was completed in 2023 and a co-control stake in the 181km Autopista al Mar 1 toll road completed in 2023.
Actis said it is launching its first Latin American toll roads platform with the acquisition of Sacyr鈥檚 stake in the three assets with long-term concessions running until the mid-2040s.
Actis has a roads investment programme in India, where its ALLIF1 and ALLIF2 funds have completed three transactions and has signed an additional agreement since 2022, covering 10 operational roads with a combined enterprise value of nearly $1.2bn.
Adrian Mucalov, partner and head of long-life infrastructure at Actis, said: 鈥淭he deployment of Actis鈥檚 second Long Life Infrastructure Fund is gathering pace, with this announcement hot on the heels of closing new investments into the Brazilian power transmission platform, named Skyline, and the Indian renewables sector through Stride Climate Investments.
鈥淭his Colombian toll road portfolio will further diversify the fund, and invest into assets we see as having strong upside potential as well as the ability to deliver consistent, resilient annual returns for our investors.鈥�
Davi Carvalho Mota, partner, long life infrastructure at Actis, said: 鈥淭his investment once again underscores Actis鈥檚 commitment to Latin America and the opportunities we see in the region across sectors and in different markets.
鈥淲e think the Colombian toll road sector offers exciting opportunities and this portfolio provides value creation opportunities combined with downside protections, notably thanks to inflation indexation, currency protection, minimum traffic thresholds and long-term contracts. We believe it鈥檚 a great prospect.鈥�
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