M&A Deal Summary

PIF Acquires B.TECH

On October 6, 2022, PIF acquired retailer B.TECH from Development Partners International

Acquisition Highlights
  • This is PIF’s 1st transaction in the Retail sector.
  • This is PIF’s 1st transaction in Egypt.

M&A Deal Summary
Date 2022-10-06
Target B.TECH
Sector Retail
Buyer(s) PIF
Sellers(s) Development Partners International
Deal Type Add-on Acquisition

Target

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.

Search 199,442 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

PIF

Riyadh, Saudi Arabia
Category Company
Founded 1971
Sector Financial Services
DESCRIPTION

PIF is the sovereign wealth fund of Saudi Arabia. The Fund has contributed to the establishment of numerous Saudi Arabian companies, supporting innovation, diversification and non-oil sector development in the Kingdom. PIF was founded in 1971 and is based in Riyadh, Saudi Arabia.

DEAL STATS #
Overall 1 of 2
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Egypt) 1 of 1
Year (2022) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-04 Rocco Forte Hotels

London, United Kingdom

Rocco Forte Hotels is an international group of 10 high-end hotels and a luxury resort. The hotels are all located in some of the most visited cities in Italy, Germany, Belgium, and Russia. Rocco Forte Hotels was founded in 1996 and is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

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 2
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Egypt) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-24 Groupe Cofina

Abidjan, Ivory Coast

Groupe Cofina is helping drive financial inclusion across Africa, by providing critical financial services to support entrepreneurs and help SMEs scale. Groupe Cofina develop solutions to bridge the “missing-middle” – the gap between microfinance and traditional institutional financing – and to serve consumer finance customers across Francophone West and Central Africa. Groupe Cofina was founded in 2014 and is based in Abidjan, Ivory Coast.

Buy -
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.

Buy -
Mergr

Product

Company

Legal