Three Africa-based Directors at Actis have been made Partners in the latest round of promotions announced by the private equity firm last week. David Cooke, Hossam Abou Moussa and Sherif Elkholy take up their new roles with immediate effect.
David Cooke, who has worked for Actis since 2006, was promoted to Director 5 years ago and has worked in both London and Johannesburg. In that time, he has been involved with nine transactions for the firm, across multiple sectors and geographies, and focuses today on opportunities in the consumer sector. With this promotion, he assumes responsibility for the Johannesburg office, following the promotion earlier this year of Natalie Kolbe to be Co-Head of Private Equity for the firm.
Sherif Elkholy and Hossam Abou Moussa, both based in Cairo, have also been made Partner. Elkholy left HSBC to join Actis in 2004, becoming a Director in 2010. He has been involved in a number of transactions for the firm in Egypt and Tunisia, including the origination and exit of Edita Food Industries, a North African snack food business.
Hossam Abou Moussa joined Actis in 2006 and focuses on financial services investment opportunities and has worked on deals in Egypt, South Africa and Jordan, which include two of the firm’s most successful transactions—CIB, the Egyptian Bank and Emerging Markets Payments, which the firm sold to Network International in a $340 million deal earlier this year.