DPI raises US$900m Africa fund to invest in innovation-led companies

AFRICA – Development Partners International (DPI), a premier investment firm focused on Africa, has announced that African Development Partners III Fund (ADP III), has exceeded its US$800 million target, and is set to hold a final close at US$900 million, with an additional US$250m of dedicated co-investment capital. This brings a total of US$1.15 billion for investments on the continent. The fundraising establishes ADP III as one of the largest funds dedicated to investing global capital in Africa. ADP III will invest in established and growing companies in industries that…

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DPI adds three new partners to its leadership signifying its growth and development

AFRICA – Development Partners International (DPI), a pan-African private equity firm, has elected three new partners to the firm’s leadership. The election of Babacar Ka, Takudzwa Mutasa and Marc Stoneham to the Partnership signifies the growth and development of DPI, and its dedication to supporting innovative and fast-growing companies across Africa. The promotions come shortly after a string of achievements this year for DPI, including an investment in SICAM, a Tunisian tomato food processor – the firm’s first Tunisian investment and one of the largest private equity transactions ever undertaken…

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Tunisian tomato processing firm clinches US$56m investment from DPI

TUNISIA – Pan-African private equity firm, Development Partners International (DPI) has invested US$56m into Société Industrielle des Conserves Alimentaires (SICAM), leading agri-business and tomato processor in Tunisia, aimed to reinforce its market leadership and help drive its international expansion strategy. Aligned with DPI’s investment strategy focused on the emerging middle class in Africa and on consumer-driven industries, it is the second investment through its third fund, Africa Development Partners III (ADP III). Through this partnership, SICAM will benefit from DPI’s significant regional and sector expertise and its active management approach to…

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CDC commits US$75m to Africa Development Partners II Fund

AFRICA – CDC, UK’s development finance institution, announced a new commitment of US$75 million to the Africa Development Partners II LP Fund (ADP II), managed by Development Partners International (DPI). The Fund will invest throughout Africa, providing much-needed risk capital to businesses to help them grow, develop and increase the contribution they make to their local economies, including providing employment. The ADP II fund will take significant minority stakes in businesses across a range of sectors, focusing on high growth companies that are seeking to expand into newly liberalising countries,…

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