Dutch development bank FMO invest US$25m in African Development Partners III

AFRICA – FMO has invested US$25m in Development Partners International’s African Development Partners III, a pan-African fund targeting established and growing consumer-focused companies.  “The investment fits FMO’s strategy, deepening a relationship with an existing partner in African private equity investing and contributes further to FMO’s ambition of being a preferred partner for growth in emerging markets,” FMO said.  The Dutch development bank previously invested in DPI’s first fund, African Development Partners I. DPI is now raising its third fund: African Development Partners III (ADP III).  Established in 2007, Development Partners…

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