In brief
African Development Partners III (ADP III) is a private equity fund seeking to invest across Africa. The Fund is the third-generation PE fund of Development Partners International (DPI). DPIs strategy is to build a diversified pan-African portfolio of private equity investments in established and growing companies benefiting from Africas fast-growing middle class. ADP III will contribute to creating value within its investees and their positive impact on their local communities, creating more jobs and increasing tax revenues.
Main development impact
The fund provides companies with growth capital, contributing to job creation, climate change mitigation, and gender balance across Africa. The Fund has been qualified as the 2X Flagship Fund. The Manager affirms its clear and long-standing commitment to advancing women’s economic empowerment and promoting gender equity in DPI and within its investees in the Fund.Investment details
| Name: | African Development Partners III (ADP III) |
|---|---|
| Project number: | 80000316 |
| Region: | Africa |
| Country: | Africa |
| Sector: | General fund |
| Signing date (month/year): | March 2021 |
| Currency: | USD |
| Finnfund's financing (commitment): | 26,000,000 |
| Instrument: | Fund |
| Status: | Active |
Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.
Companies financed by the fund
| Name | Sector | Region | Country |
|---|---|---|---|
| Optasia | Fintech | Africa | Nigeria, South Africa |
| SICAM | Agriculture, food | Africa | Tunisia |
| Kelix BIO | Pharmaceuticals | Africa | Egypt, India, Malta |
| MNT Halan | Microfinance | Africa | Egypt |
| Kazyon Limited | Retail | Africa | Côte d’Ivoire, Senegal, Guinea, Gabon, Burkina Faso, Congo, Mali, Togo, France |
| COFINA | Microfinance | Africa | South Africa |
| Ukheshe | Financial services | Africa | Egypt |
| Marcyrl Pharmaceutical Industries (S.A.E.) | Healtcare | Africa | Africa |
| Solevo | Chemicals, chemical products | Africa | Nigeria |
| Pan African Towers | Telecommunication | Africa |
