** For the best experience, download the free Africa Private Equity News app Android | iOS **
Adenia Partners has announced the closing of its investment in Egypt’s Parkville Pharmaceuticals, a company active in the pharmaceutical, cosmeceutical, and nutraceutical sectors. This is Adenia’s first majority investment in Egypt.
Adenia acquired Admaius Capital Partners’ stake in the business.
“Parkville has built an exceptional reputation as one of Egypt’s largest and fastest-growing cosmeceutical companies, known for its high-quality, affordable health and personal care products and its commitment to innovation and community wellbeing,” Adenia said in a statement.
“We are excited to work with Parkville’s founders, Mahmoud Farrag and Sherif Bassiouny, as well as the wider management team to accelerate the company’s next phase of growth, from expanding its product portfolio to scaling digital and regional capabilities,” the firm added.
** Read more: The French serial entrepreneur who became a private equity investor in Africa Alexis Caude, managing partner of Adenia Partners, discusses his entrepreneurship journey, his investment successes in Africa, and how he manages his personal money. Watch/read the interview here
Want to know who is raising, investing, and exiting in Africa? Get Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Access the latest Dealmaker’s Log here
