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Actis Acquires 44.4 Percent Stake in GHL Systems, Creador Exits (Asia)

Global growth markets investor Actis has acquired a 44.4 percent stake in Malaysia-listed payments company GHL Systems for a reported MYR290 million (approximately US$66 million) from South- and Southeast Asia-focused private equity firm Creador and Simon Loh, executive vice-chairman of GHL. Actis also extended a mandatory takeover offer for the remaining shares of GHL. Creador originally invested in the company in 2013 through Creador II. GHL provides integrated payment services and solutions to traditional banks, telecom providers, retailers and airlines in Southeast Asia.