Investment Summary

Development Partners International Invests In Groupe Cofina

On May 24, 2022, private equity firm Development Partners International invested in financial services company Groupe Cofina

Investment Highlights
  • This is Development Partners International’s 3rd transaction in the Financial Services sector.
  • This is Development Partners International’s 2nd transaction in Ivory Coast.

Investment Summary

Date 2022-05-24
Target Groupe Cofina
Sector Financial Services
Investor(s) Development Partners International
Deal Type Stake Purchase

Target

Groupe Cofina

Abidjan, Ivory Coast
Groupe Cofina is a pan-African financial institution specializing in mesofinance, bridging the gap between microfinance and traditional banking. The group provides SMEs, entrepreneurs, and individuals with tailored financing solutions across multiple African countries. Groupe Cofina was founded in 2014 and is based in Abidjan, Ivory Coast.

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Investor(S) 1

Investor
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 17 of 22
Sector: Financial Services M&A 3 of 4
Type: Stake Purchase M&A Deals 4 of 4
Country: Ivory Coast M&A 2 of 2
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-08 MNT-Halan

Cairo, Egypt

MNT-Halan is a fintech and ecommerce ecosystem, providing digital financial services, lending, payments, BNPL, and e-commerce solutions to underserved and unbanked populations across Egypt and the wider region. MNT-Halan was founded in 2018 and is based in Cairo, Egypt.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-06 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.

Sell -