African Development Partners I

Africa Health, Financial services, Communications and IT Services, Other consumer services, Others, Manufacturing

Development Partners International (DPI) is a private equity firm which looks to invest in the pan-Africa region. The UK-based firm was founded in 2007.

This is a pan-African mid-cap generalist fund.

This investment was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa
Countries

For funds, the countries listed here are those the fund has invested in so far.

:
Algeria, Botswana, Ghana, Morocco, Nigeria, South Africa
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

:
Communications and IT Services, Financial services, Health, Manufacturing, Other consumer services, Others
Website:
http://www.dpi-llp.com
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
Development Partners International
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
November 2009
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$29.46m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Mauritius

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
ETW Holdings Limited/Eaton Venture LLP

Eaton Venture LLP manages telecommunications infrastructure and IT service management interests in Africa and the Middle East. The Group is primarily focused on providing outsourced tower ownership and maintenance services to GSM telecommunications operators across Africa.

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Africa Communications and IT Services December 2008 Active
Letshego Holdings

Letshego is a regional consumer financial services provider in sub-Saharan Africa, providing unsecured loans to employees of government and quasi government organisations utilising a payroll deduction business model.

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Botswana Africa, Southern Africa Financial services May 2010 Active
Libstar

Libstar is an FMCG manufacturer operating in the food and beverage and household and personal care segments, supplying the market via private label offerings, branded products and contract manufacturing.

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South Africa Africa, Southern Africa Other consumer services June 2011 Active
Touax Africa SAS

Touax Africa is a business services group that specialises in modular construction, and is based in Morocco.

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Morocco Africa, North Africa Manufacturing June 2012 Active
Food Concepts Plc

Food Concepts is a leading Nigeria based food retailing company with holdings in the quick service restaurant sector.

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Nigeria Africa, West Africa Other consumer services December 2012 Active
Biopharm SpA

Biopharm is one of the leading local companies in the Algerian pharmaceutical market. The company is estimated to have around 12% share of the Algerian pharmaceutical import and distribution market.

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Algeria Africa, North Africa Health March 2013 Active