Admaius Capital Partners, a market-leading pan-African private equity firm, along with Dr. Sherif Bassiouny, Chairman of Parkville Pharmaceuticals, and Dr. Mahmoud Farrag, CEO of Parkville, has signed definitive agreements to sell a majority stake in Parkville to Adenia Partners. On completion, this will be the first exit of Admaius’ maiden fund, the Virunga Africa Fund I, 3.5 years after first investment.
Parkville is a leading Egyptian healthcare and pharmaceutical company active in the pharmaceutical, cosmeceutical, and nutraceutical sectors. Founded in 2008 and headquartered in Cairo, the company develops, manufactures, and distributes a broad portfolio of innovative products spanning skincare, haircare, wellness, and therapeutic pharmaceutical lines. With a strong focus on research, quality, and community wellbeing, Parkville has rapidly grown into a local champion in Egypt’s fast-growing cosmeceutical industry, outperforming many prominent local and international brands.
Admaius has proudly supported Parkville’s evolution into one of the region’s leading cosmeceutical platforms. Admaius invested alongside the founders in November 2023, and the company has since then delivered remarkable growth despite macroeconomic headwinds, including currency devaluations and elevated inflation. This growth has extended beyond financial performance: it is reflected in strengthened product offerings, expanded manufacturing capabilities, enhanced corporate governance, a broader export footprint, and accelerated e-commerce growth.
Marlon Chigwende, Admaius Managing Partner, said: “We are incredibly proud of the work we have done alongside Parkville’s founders and management over the past two years. This investment reflects Admaius’ ability to execute in complex environments, partner closely with exceptional local teams, and help build market-leading businesses. The dollar returns to our investors are very attractive and demonstrate what is possible when strong market positioning, drive and focus combine with superior execution. This is the first exit in our current fund and underpins its strong performance.”
Ahmed Rady, Managing Director, said: “Our work with Parkville demonstrates Admaius’ execution capabilities on the ground in Egypt. Together with the management team, we focused on strengthening operations, governance, and scalability while navigating a challenging macroeconomic environment. We are proud of the outcome and of the value created through a hands-on, partnership-driven approach.”
The transaction is subject to customary closing conditions and regulatory approvals. Financial terms are not disclosed.
Zilla Capital acted as the sole financial advisor to the existing shareholders and Matouk Bassiouny served as legal counsel. Adenia Partners was advised by Baker McKenzie as legal counsel.
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