Investment Summary

Development Partners International Invests In Marcyrl Group

On April 4, 2023, private equity firm Development Partners International invested in life science company Marcyrl Group

Investment Highlights
  • This is Development Partners International’s 2nd transaction in the Life Science sector.
  • This is Development Partners International’s 3rd transaction in Egypt.

Investment Summary

Date 2023-04-04
Target Marcyrl Group
Sector Life Science
Investor(s) Development Partners International
Deal Type Growth Capital
Advisor(s) HC Securities & Investment (Financial)

Target

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 recognised as a trusted partner to healthcare practitioners in the region, as a go-to supplier of specialty generic drugs for a variety of chronic diseases. Marcyrl Group was founded in 1996 and is based in Cairo, Egypt.

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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 17 of 19
Sector (Life Science) 2 of 2
Type (Growth Capital) 7 of 8
Country (Egypt) 3 of 3
Year (2023) 1 of 3
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-19 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 unique 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.

Buy -