M&A Deal Summary

Development Partners International Acquires Solevo

On April 19, 2023, private equity firm Development Partners International acquired chemicals company Solevo from Helios Investment Partners

Acquisition Highlights
  • This is Development Partners International’s 1st transaction in the Chemicals sector.
  • This is Development Partners International’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2023-04-19
Target Solevo
Sector Chemicals
Buyer(s) Development Partners International
Sellers(s) Helios Investment Partners
Deal Type Secondary Buyout

Target

Solevo

Geneva, Switzerland
Solevo is a specialty chemicals distribution platform operating across eight countries in West and Central Africa, delivering critical inputs to high GDP contributing sectors in life sciences and industrials. Solevo offers a one-stop-shop for a range of inputs and chemicals including agriculture, also providing support for over one million small holder farmers, helping them to secure their livelihoods through increased yields and greater crop security, resulting in improved food security and climate resilience across Africa. Solevo was founded in 1918 and is based in Geneva, Switzerland.

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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 20 of 22
Sector: Chemicals M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
Country: Switzerland M&A 1 of 1
Year: 2023 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-04 Marcyrl Group

Cairo, Egypt

Marcyrl Group is a manufacturer of essential pharmaceuticals, focused on improving accessibility to specialty generics drugs in Egypt. The company is a go-to supplier of specialty generic drugs for a range of chronic diseases, serving healthcare practitioners across the region. Marcyrl Group was founded in 1996 and is based in Cairo, Egypt.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-27 Kazyon

Zamalek, Egypt

Kazyon is a discount supermarket chain, offering affordable groceries and household products through a rapidly growing network of stores. Kazyon was founded in 2014 and is based in Zamalek, Egypt.

Buy -

Seller(S) 1

SELLER

Helios Investment Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Helios Investment Partners is a pan-African private equity firm. Helios looks to commit $15 to $200 million per transaction and will consider a broad range of investment situations. These include leveraged buyouts, recapitalizations, joint ventures, seed-stage venture capital, restructurings, and strategic public equity investments. Helios is a generalist investor however the firm has particular interest in communications, financial services, power, travel/leisure, distribution/logistics, and agriculture. Helios was formed in 2004 and is based in London.


DEAL STATS #
Overall 11 of 11
Sector: Chemicals M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
Country: Switzerland M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-08 IXAfrica Data Centre

Nairobi, Kenya

IXAfrica Data Centre is a developer and operator of hyperscale-ready data centers. iXAfrica is focused on providing high-quality data centre environments able to serve both the international and local internet markets. IXAfrica provides high-specification data centre infrastructure, capable of hosting the world’s most demanding companies in the internet, banking, retail, media and other enterprise sectors. IXAfrica Data Centre was founded in 2021 and is based in Nairobi, Kenya.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-02 Raya Foods

6th of October, Egypt

Raya Foods specializing in manufacturing and export of high-quality frozen fruits and vegetables. Raya Foods was founded in 2017 and is based in 6th of October, Egypt.

Buy -