M&A Deal Summary

Development Partners International Acquires EGIC

On April 1, 2017, private equity firm Development Partners International acquired building materials company EGIC

Acquisition Highlights
  • This is Development Partners International’s 1st transaction in the Building Materials sector.
  • This is Development Partners International’s 2nd transaction in Egypt.

M&A Deal Summary
Date 2017-04-01
Target EGIC
Sector Building Materials
Buyer(s) Development Partners International
Deal Type Buyout (LBO, MBO, MBI)

Target

EGIC

Cairo, Egypt
EGIC is a provider of water pipes and water drainage solutions in Egypt. The company’s products are sold under several brands including Bänninger, SmartHome, and Kessel, which represent the biggest share of the Egyptian market by virtue of their superior quality. EGIC was founded in 1991 and is based in Cairo, Egypt.

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Buyer(S) 1

Buyer

Development Partners International

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
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.

DEAL STATS #
Overall 9 of 20
Sector (Building Materials) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 5
Country (Egypt) 2 of 3
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-21 B.TECH

Cairo, Egypt

B.TECH is an integrated omnichannel retailing and consumer finance platform in Egypt, selling consumer electronics and household appliances. In addition, the company provides unique financing solutions for its customers, led by the "MiniCash" service that has significantly contributed to its number one position in the market and unrivalled popularity among Egyptians. B.TECH was founded in 1997 and is based in Cairo, Egypt.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-01 Banque Atlantique

Ivory Coast

Banque Atlantique is a West African financial services group operating in the banking and insurance sectors. Banque Atlantique has 2,000 individuals across its network of 205 branches and has more than 800,000 corporate and retail bank accounts. Banque Atlantique was founded in 1978 and is based in Ivory Coast.

Buy -
Mergr

Product

Company

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