M&A Deal Summary

Development Partners International Acquires Banque Atlantique

On December 1, 2017, private equity firm Development Partners International acquired financial services company Banque Atlantique

Acquisition Highlights
  • This is Development Partners International’s 1st transaction in the Financial Services sector.
  • This is Development Partners International’s 1st transaction in Ivory Coast.

M&A Deal Summary

Date 2017-12-01
Target Banque Atlantique
Sector Financial Services
Buyer(s) Development Partners International
Deal Type Buyout (LBO, MBO, MBI)

Target

Banque Atlantique

Abidjan, 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 Abidjan, Ivory Coast.

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Buyer(S) 1

Buyer
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 10 of 22
Sector: Financial Services M&A 1 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 5
Country: Ivory Coast M&A 1 of 2
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-01 EGIC

Cairo, Egypt

EGIC is a provider of water pipes and drainage solutions. Its products are marketed under the brands Bänninger, SmartHome, and Kessel. EGIC was founded in 1991 and is based in Cairo, Egypt.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-20 CMGP-CAS

Casablanca, Morocco

CMGP-CAS offers a comprehensive range of products across the manufacturing, distribution, and integration of irrigation and micro-irrigation equipment primarily into the agriculture and infrastructure sectors. CMGP-CAS was formed in 1995 and is based in Casablanca, Morocco.

Buy -