Actis Bets On Chinese Consumer Spending

Emerging market specialists Actis made it a hat-trick of investments in China's consumer sector on November 11, when it announced that it would spend US$50mn to take a majority stake in Xiabu Xiabu Catering Management. The investment in Xiabu, a Beijing-based hot pot chain, is in line with Actis' ongoing strategy to invest in businesses that will flourish despite the economic downturn. As a leader in one the fastest growing segments of China's restaurant industry, Xiabu is well-positioned to capitalise on a mass market, white-collar demand for healthy food tailored to local markets.

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