Investment Summary

Apis Partners and Development Partners International Invest In MNT-Halan

On September 8, 2021, growth capital firm Apis Partners and private equity firm Development Partners International invested in financial services company MNT-Halan

Investment Highlights
  • This is Apis Partners’ 8th and Development Partners International’s 2nd transaction in the Financial Services sector.
  • This is Apis Partners’ 1st and Development Partners International’s 3rd transaction in Egypt.

Investment Summary

Date 2021-09-08
Target MNT-Halan
Sector Financial Services
Investor(s) Apis Partners
Development Partners International
Deal Type Growth Capital

Target

MNT-Halan

Cairo, Egypt
MNT-Halan is a fintech and ecommerce ecosystem, providing digital financial services, lending, payments, BNPL, and e-commerce solutions to underserved and unbanked populations across Egypt and the wider region. MNT-Halan was founded in 2018 and is based in Cairo, Egypt.

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Investor(S) 2

DESCRIPTION

Apis Partners is an investment group focused on investing in financial services companies operating in emerging markets. Specific areas of interest include payments, insurance, credit/savings, capital markets, and tech-enabled service providers. Apis looks to back companies benefiting from increased mobile adoption and access to financial products and services. Apis Partners was established in 2014 and is headquartered in London.


DEAL STATS #
Overall 23 of 30
Sector: Financial Services M&A 8 of 10
Type: Growth Capital M&A Deals 13 of 17
Country: Egypt M&A 1 of 1
Year: 2021 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 DOKU

Jakarta, Indonesia

DOKU is an independent digital payment platforms, enabling merchants to accept a wide range of payment options in online transactions. Currently, it provides merchants with comprehensive suite of payment solutions from a single connection to various payment types, analytics, risk management and settlement solutions. DOKU was founded in 2007 and is based in Jakarta, Indonesia.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Memed

Sao Paulo, Brazil

Memed is a digital prescriptions software company that enables doctors to prescribe drugs and tests. The Company’s web and database-based smart prescriptions and social collaboration tool enables doctors to deliver effective treatment and proper prescription to their patients. Memed has become a main resource for comprehensive healthcare information (i) have access to the same new medication or products, and (ii) analyse various medications with the right details to prescribe patients accurately and quickly. Memed was founded in 2012 and is based in Sao Paulo, Brazil.

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Investor
DESCRIPTION

Development Partners International is a private equity group focused on investment opportunities across Africa. The Firm targets companies that benefit from the fast-growing emergence of the middle-class. Sectors of interest include communications, financial services, retail, education, and Consumer durables. Development Partners International was established in 2007 and is headquartered in London, United Kingdom.


DEAL STATS #
Overall 16 of 22
Sector: Financial Services M&A 2 of 4
Type: Growth Capital M&A Deals 7 of 11
Country: Egypt M&A 3 of 5
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-21 SICAM

Medjez el Bab, Tunisia

SICAM is a producer of canned tomatoes, pepper pastes, and jams, serving the food and agri-industry with quality products. SICAM was founded in 1969 and is based in Medjez el Bab, Tunisia.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-24 Groupe Cofina

Abidjan, Ivory Coast

Groupe Cofina is a pan-African financial institution specializing in mesofinance, bridging the gap between microfinance and traditional banking. The group provides SMEs, entrepreneurs, and individuals with tailored financing solutions across multiple African countries. Groupe Cofina was founded in 2014 and is based in Abidjan, Ivory Coast.

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