Investment Summary

Development Partners International Invests In Ukheshe

On December 7, 2022, private equity firm Development Partners International invested in financial services company Ukheshe

Investment Highlights
  • This is Development Partners International’s 3rd transaction in the Financial Services sector.
  • This is Development Partners International’s 3rd transaction in South Africa.

Investment Summary

Date 2022-12-07
Target Ukheshe
Sector Financial Services
Investor(s) Development Partners International
Deal Type Growth Capital
Advisor(s) Royal Park Partners (Financial)

Target

Ukheshe

Johannesburg, South Africa
Ukheshe is a global, digital-first financial services enabler. Ukheshe is renowned for its platform expertise in Banking-as-a-Service and Embedded Financial Services. Ukheshe was founded in 2018 and is based in Johannesburg, South Africa. ​

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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 20
Sector (Financial Services) 3 of 3
Type (Growth Capital) 7 of 9
Country (South Africa) 3 of 3
Year (2022) 2 of 2
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
2023-04-04 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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