Investment Summary

Development Partners International Invests In Food Concepts

On December 1, 2012, private equity firm Development Partners International invested in food company Food Concepts

Investment Highlights
  • This is Development Partners International’s 1st transaction in the Food sector.
  • This is Development Partners International’s 1st transaction in Nigeria.

Investment Summary
Date 2012-12-01
Target Food Concepts
Sector Food
Investor(s) Development Partners International
Deal Type Growth Capital

Target

Food Concepts

Lagos, Nigeria
Food Concepts is a food retailing company. The company’s flagship QSR brand, Chicken Republic, is the largest and fastest-growing chicken franchise in West Africa and its bakery brand, Butterfields, is the market leader in the formal sector in Nigeria. Food Concepts was founded in 1999 and is based in Lagos, Nigeria.

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Investor(S) 1

Investor

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 2 of 19
Sector (Food) 1 of 1
Type (Growth Capital) 2 of 8
Country (Nigeria) 1 of 2
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 Eaton Towers

London, United Kingdom

Eaton Towers is a high-growth pan-African telecom tower management company that provides the shared site and tower services for telecom network operators by acquiring, building, and maintaining passive telecommunications infrastructure assets. Eaton Towers was founded in 2008 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-01 Biopharm

Algiers, Algeria

Biopharm is an Algerian pharmaceutical company that specializes in drug production and research. Biopharm was formed in 1992 and is based in Algiers, Algeria.

Buy -
Mergr

Product

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