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To ask the Secretary of State for International Development with reference to the answer of 10 April 2014, Official Report, column 381W, on development aid, if she will publish the agreement (a) between her Department, the CDC and ACTIS on the Department for International Development impact fund and (b) between...

Asked by
Madeleine Moon (Labour)
Answering body
Department for International Development
Type
Written questions
Status
Answered
Date
11 June 2014
Reference
199075; 582 c182W
House
House of Commons

I am afraid that my hon. Friend is entirely correct; the shameful way in which the previous Government sought to privatise Actis has meant that the taxpayer has received nothing at all from this management company. Thanks to the changes that the coalition Government have made, it is estimated that the taxpayer will receive between $100 million and $200 million.

Answered by
Andrew Mitchell (Conservative)
Answering body
Department for International Development
Type
Oral answers to questions
Date
23 May 2012
Reference
545 c1121
House
House of Commons

I congratulate my right hon. Friend on ensuring that the taxpayer benefits from the sale of our remaining stake in Actis. Is that not in sharp contrast with the shameful way in which the previous Government allowed Actis to be spun out of CDC in such a way that the British taxpayer did not receive a single penny?

Asked by
Lord Barwell (Conservative)
Answering body
Department for International Development
Topical questions - 1st Supplementary
Status
Answered
Date
23 May 2012
Reference
545 c1121
House
House of Commons

My right honourable friend the Secretary of State for International Development has made the following Statement. I wish to inform the House of the Government’s decision to sell its residual 40 per cent ownership interest in Actis Capital LLP (Actis). Actis is a fund management business which promotes and manages...

Member
Baroness Northover (Liberal Democrat)
Department
Department for International Development
Type
Written statements
Date
1 May 2012
Reference
736 c191-3WS
House
House of Lords

I wish to inform the House of the Government's decision to sell its residual 40% ownership interest in Actis Capital LLP (Actis). Actis is a fund management business which promotes and manages private equity funds on behalf of third-party investors in a range of developing countries. Actis was created in...

Member
Andrew Mitchell (Conservative)
Department
Department for International Development
Type
Written statements
Date
1 May 2012
Reference
543 c59-62WS
House
House of Commons
Deposited by
Department for International Development
Type
Deposited papers
Date
1 May 2012
Reference
DEP2012-0720
House
House of Lords; House of Commons
Type
House of Commons papers; Select Committee reports (Government responses); Parliamentary committees
Committee
International Development Committee
Date
10 May 2011
Reference
HC 1045 2010-12
House
House of Commons

To ask Her Majesty’s Government, further to the Written Answer by Lord McNally on 27 January (WA 186), whether John and Ronnie Actie werecompensated under the discretionary scheme which was abolished in 2006 or under another scheme or procedure; and, if they were not compensated, why not.

Asked by
Lord Laird (Ulster Unionist Party)
Type
Written questions
Status
Answered
Date
1 March 2011
Reference
7150; 725 c298-9WA
House
House of Lords
Actis Capital, the opaque private equity company created in 2004 to invest the then Commonwealth Development Corporation's funds, made $50 million profit in 2007 from sources such as a financial services company in South Africa and a hotel chain in China. How satisfied is my right hon. Friend with Actis's use of public money at a time when aid budgets are under such pressure? Could it not be put to far better use in agriculture, health, education and infrastructure projects in the developing world?
Asked by
David Leslie Taylor (Labour; Co-operative Party)
Answering body
Department for International Development
Oral questions - 1st Supplementary
Status
Answered
Date
5 November 2008
Reference
482 c243
House
House of Commons

To ask the Secretary of State for International Development if he will place in the Library a copy of the Actis business plan of 19 March 2004, including the detailed breakdown of Actis' financial forecasts.

Asked by
Michael Moore (Liberal Democrat)
Answering body
Department for International Development
Type
Written questions
Status
Answered
Date
8 May 2008
Reference
475 c1107W; 203715
House
House of Commons

To ask the Secretary of State for International Development what the date was of the Actis business plan on which KPMG based its valuation update of 31 March 2004.

Asked by
Michael Moore (Liberal Democrat)
Answering body
Department for International Development
Type
Written questions
Status
Answered
Date
8 May 2008
Reference
475 c1107W; 203714
House
House of Commons

To ask the Secretary of State for International Development what reports he has received of the alleged use of tax havens by (a) CDC and its subsidiaries and (b) Actis and its subsidiaries; what assessment he has made of these reports; and if he will make a statement.

Asked by
Michael Moore (Liberal Democrat)
Answering body
Department for International Development
Type
Written questions
Status
Answered
Date
20 March 2008
Reference
473 c1272W;473 c1268W; 195027
House
House of Commons

To ask the Secretary of State for International Development how much was spent on (a) internal and (b) external (i) advisers and (ii) consultants for services in relation to the sale of Actis; and if he will make a statement.

Asked by
Michael Moore (Liberal Democrat)
Answering body
Department for International Development
Type
Written questions
Status
Answered
Date
29 February 2008
Reference
189575; 472 c2026-7W
House
House of Commons

To ask the Secretary of State for International Development how the Government calculated the value of the 60 per cent. stake in Actis prior to its sale in 2004; and if he will make a statement.

Asked by
Michael Moore (Liberal Democrat)
Answering body
Department for International Development
Type
Written questions
Status
Answered
Date
29 February 2008
Reference
472 c2026W; 189574
House
House of Commons

To ask the Secretary of State for Business, Enterprise and Regulatory Reform what value the Shareholder Executive currently places on its 40 per cent. share of Actis Capital LLP; and if he will make a statement.

Asked by
Michael Moore (Liberal Democrat)
Answering body
Department for Business, Enterprise and Regulatory Reform
Type
Written questions
Status
Answered
Date
26 February 2008
Reference
189573; 472 c1377W
House
House of Commons

To ask the Secretary of State for International Development what (a) investment positions and (b) subsequent disposals have been made by Actis since 2004; and what the (i) original investment and (ii) sale proceeds were in each case.

Asked by
Tim Loughton (Conservative)
Answering body
Department for International Development
Type
Written questions
Status
Answered
Date
21 February 2008
Reference
472 c1005W; 186737
House
House of Commons

To ask the Secretary of State for International Development if he will publish (a) the equity holdings in Actis of those members of staff who purchased a 60 per cent. stake from his Department and (b) any subsequent changes in equity holdings.

Asked by
Tim Loughton (Conservative)
Answering body
Department for International Development
Type
Written questions
Status
Answered
Date
3 December 2007
Reference
168725; 468 c911W
House
House of Commons

To ask the Secretary of State for International Development what proportion of Actis funds investment capital is invested in the poorest quartile of African countries; and if he will list such investments.

Asked by
Tim Loughton (Conservative)
Answering body
Department for International Development
Type
Written questions
Status
Answered
Date
3 December 2007
Reference
468 c911-2W; 168782
House
House of Commons

To ask the Secretary of State for International Development how much Actis's Paul Fletcher earned in the last 12 months including expenses, bonuses and pension entitlement.

Asked by
Tim Loughton (Conservative)
Answering body
Department for International Development
Type
Written questions
Status
Answered
Date
3 December 2007
Reference
168783; 468 c912W
House
House of Commons

To ask the Secretary of State for International Development what residual pension liabilities his Department has for employees of Actis formerly employed by CDC.

Asked by
Tim Loughton (Conservative)
Answering body
Department for International Development
Type
Written questions
Status
Answered
Date
3 December 2007
Reference
468 c912W; 168724
House
House of Commons