- DPI, alongside British International Investment, South Suez and others invested in Kazyon
- DPI is an Africa-focused private investment firm with over $3bn in assets under management
- The firm is based in London
Development Partners International (DPI) has injected $165 million (€149.27 million) equity investment into Kazyon, alongside co-investors, including British International Investment (BII), South Suez and others.
Kazyon is a discount retailer based in Cairo, Egypt. The company has over 600 stores and more than 5,000 employees.
DPI will help Kazyon accelerate its ambitious expansion strategy, progressing the opening its stores across Egypt and moving into new markets, according to a release.
“The retail market in the region remains significantly underpenetrated and there is significant demand for the products and services Kazyon offers with a growth model that has been proven many times in multiple markets,” said Ziad Abaza, partner at DPI.
DPI, in April, acquired Solevo Group, an African distribution platform for specialty chemicals, alongside minority co-investors South Suez and DEG.
DPI is an Africa-focused private investment firm with more than $3 billion in assets under management. The firm is based in London.
DPI was advised by White & Case and Debevoise & Plimpton.
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