Global private investment firm TPG and growth markets investor Actis have exited their combined 42 percent stake in India-based payment services provider AGS Transact Technologies via a management buyback. TPG and Actis sold 26 percent and 16 percent stakes, respectively, in the company, which provides banking automation, payment and cash management services to the banking, retail, petroleum and transit sectors. TPG first invested US$42 million in AGS in June 2011 while Actis acquired a stake in the company through a US$40 million investment in August 2012. Financial details of the transaction were not disclosed.