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DPI on verge of first Egyptian deal

Development Partners International (DPI) is on the verge of closing its first Egyptian deal according South Africa’s Business Day. The investment, which is in the retailing sector, will be made through DPI’s $750 million African Development Partners Fund II which closed last year. Once the transaction has been completed, the fund will have approximately 60% or $450 million of its committed capital remaining for other deals. DPI’s preferred deal size ranges between $40 million and $60 million, although it will look at investing as much as $100 million, in large, profitable companies which benefit from the growth of Africa’s emerging middle class.

Read more at Business Day…

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