Investment Summary

Development Partners International Exits IFS

On June 12, 2024, private equity firm Phatisa Group invested in business services company IFS from Development Partners International

Investment Highlights
  • This is Phatisa Group’s 1st transaction in the Business Services sector.
  • This is Phatisa Group’s 1st transaction in Mauritius.

Investment Summary

Date 2024-06-12
Target IFS
Sector Business Services
Investor(s) Phatisa Group
Sellers(s) Development Partners International
Deal Type Secondary Buyout

Target

IFS

Mapou, Mauritius
IFS is a provider of specialist facility management services to clients on remote sites across the African continent, including catering, maintenance, laundry, and housekeeping. IFS was founded in 2000 and is based in Mapou, Mauritius.

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Investor(S) 1

Investor

Phatisa Group

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 216M USD
Size Small
Type Sector Focused
DESCRIPTION

Phatisa is an African private equity fund manager that invests across the food value chain with a focus on creating returns as well as meaningful, positive social impact in sub?Saharan Africa. Phatisa Group was formed in 2005 and is based in Bambou, Mauritius.


DEAL STATS #
Overall 8 of 9
Sector: Business Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 3
Country: Mauritius M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-30 MHL

Nairobi, Kenya

MHL is a printing and packaging group in sub-Saharan Africa, operating through subsidiaries in Kenya and Nigeria. Manipal’s range of products cut across flexible packaging and self-adhesive labels among other ancillary services, and support a wide variety of industries, key among them being the food and beverage, and agriculture sectors. MHL was founded in 2008 and is based in Nairobi, Kenya.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-27 Java House

Nairobi, Kenya

Java House owns and operates a chain of coffee houses. Java House operates commercial coffee roasteries, providing quality coffee and bean sales to its own stores and to supermarkets, hotels, restaurants and wholesale buyers. Java House was founded in 1999 and is based in Nairobi, Kenya.

Buy -

Seller(S) 1

SELLER
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 3 of 3
Sector: Business Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
Country: Mauritius M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-27 Pan African Towers

Lagos, Nigeria

Pan African Towers provides digital infrastructure, offering telecommunications and wireless services including built-to-suit solutions, colocation, distributed antenna systems, buy-lease-back, and other value-added services. Pan African Towers was founded in 2017 and is based in Lagos, Nigeria.

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