At a Glance
- Adenia Partners acquires majority stake in Egypt’s Parkville Pharmaceuticals, marking its first Egypt investment.
- Deal strengthens Adenia’s Africa private equity footprint amid rising investor interest in Egypt.
- Parkville Pharmaceuticals targets expansion in healthcare, personal care and regional African markets.
Adenia Partners, a leading Africa-focused private equity firm, has agreed to acquire a majority stake in Parkville Pharmaceuticals, marking its first investment in Egypt.
The Mauritius-based investor signed definitive agreements to buy the stake from Admaius Capital Partners, according to a statement. Financial terms were not disclosed, and the deal is subject to regulatory approvals and customary closing conditions.
First step into Egypt
The transaction extends Adenia’s strategy of backing locally built businesses with room to scale across African markets. Egypt, one of the continent’s largest consumer markets, has drawn rising interest from investors despite economic headwinds.
“This investment reflects our confidence in Egypt’s long-term fundamentals and in the strength of locally built companies,” Heba Hakky, a principal at Adenia Partners, said.
The firm said it will work alongside Parkville’s founders and management team to support the company’s next phase of development. That includes expanding its product range, strengthening digital and e-commerce operations, and pushing into regional markets beyond Egypt.
Focus on health and personal care
Founded in 2008, Parkville develops, manufactures and distributes a range of skincare, haircare, deodorant, wellness and therapeutic products. The Cairo-based company says it places a strong emphasis on research, quality control and community well-being.
Stéphane Bacquaert, managing partner at Adenia, said the firm was drawn to Parkville’s role in improving access to everyday health and personal care products.
“We see strong potential in Parkville’s mission to provide affordable, high-quality products that meet local needs,” Bacquaert said.
Mahmoud Farrag, Parkville’s co-founder and chief executive, said the deal marks a new chapter for the company following its period of ownership under Admaius.
“This partnership gives us the support to broaden our offering, sharpen our commercial capabilities and take the business into new markets,” Farrag said.
Advisors and background
Baker McKenzie advised Adenia as legal counsel on the transaction. Zilla Capital served as sole financial adviser to the selling shareholders, while Matouk Bassiouny provided legal advice.
Founded in 2002 by Antoine Delaporte, Adenia Partners is headquartered in Mauritius and operates across East, West, North and Southern Africa, with offices in Kenya, Madagascar, Morocco, Nigeria and South Africa. The firm has completed more than 30 investments and raised about $950 million across five funds.
The International Finance Corporation has proposed an equity investment of up to $30 million in Adenia Entrepreneurial Fund I, the firm’s latest vehicle.
