Investment Summary

Development Partners International Invests In IFS

On February 5, 2019, private equity firm Development Partners International invested in business services company IFS

Investment Highlights
  • This is Development Partners International’s 1st transaction in the Business Services sector.
  • This is Development Partners International’s 1st transaction in Mauritius.

Investment Summary

Date 2019-02-05
Target IFS
Sector Business Services
Investor(s) Development Partners International
Deal Type Growth Capital

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
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 13 of 19
Sector (Business Services) 1 of 1
Type (Growth Capital) 4 of 8
Country (Mauritius) 1 of 1
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-25 Dolidol

Casablanca, Morocco

Dolidol is a manufacturer and distributor of foam, mattress, and bedding products. Dolidol was formed in 1972 and is based in Casablanca, Morocco.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-23 Optasia

Dubai, United Arab Emirates

Optasia is a FinTech and data analytics company that works together with over 27 mobile network operators in over 30 countries globally. It currently serves over 650 million people globally and lends more than US$5 million daily to its customers. Optasia was founded in 2012 and is based in Dubai, United Arab Emirates.

Buy -