Development Partners International

Development Partners International (DPI) is a prominent private equity firm based in London, established in 2007 by Miles Morland and Runa Alam. The firm focuses on investing in growing companies across Africa and manages over $1.1 billion in assets through two private equity funds. DPI has built a diverse portfolio of 19 companies operating in various sectors, including telecommunications, financial services, healthcare, agri-business, mining, and renewable energy, among others. With a team that boasts over 100 years of combined experience in African investments, DPI's investment professionals are entirely African, with over 40% of the team being women. This strong local presence equips DPI with the necessary knowledge and networks to identify and execute investment opportunities throughout the continent.

Andrea Bryce

Operations Director

Joy Chakanyuka

Principal, Finance

James Griffiths

Partner

Miles Morland

Co-Founding Partner and Chairman

Takudzwa Mutasa

Partner

Adefolarin Ogunsanya

Partner

Marc Stoneham

Partner

Jean-Philippe Syed

Partner

Jade Del Lero Moreau

Partner

Past deals in Morocco

CMGP

Acquisition in 2018
CMGP is today the market leader for irrigation in Morocco owing this to its rich experience and professional expertise. With a comprehensive range of products and through close collaboration with the most important manufacturers, CMGP covers the distribution and installation of irrigation equipment and pumping stations.

Dolidol

Private Equity Round in 2017
Dolidol, established in 1972 and based in Dar Bouazza, Morocco, is a prominent manufacturer and marketer of mattresses and other bedding products. Renowned as one of the oldest mattress manufacturers in the country, Dolidol has built a strong reputation for quality and has become a household name in the foam and bedding industry. The company specializes in the production of polyurethane foam, mattresses, pillows, sofas, and non-woven textiles. With a robust distribution network, Dolidol operates 46 retail stores and 10 distribution facilities, supported by over 1,100 distributors across Morocco. This extensive reach enables Dolidol to cater to a wide range of customers, solidifying its position as a leader in the furniture and bedding sector.

OSEAD Maroc Mining

Venture Round in 2017
OSEAD Maroc Mining operates as a metal and mining platform. OSEAD is a holding company specialising in the prospecting, exploration and mining of mineral deposits. OSEAD’s main asset is Compagnie Minière de Touissit the second largest private mining operator in Morocco, which mines primarily lead and silver with some zinc.

AXA Mansard

Secondary Market in 2015
AXA Mansard is a member of the AXA Group, the worldwide leader in insurance and asset management with 166,000 employees serving 107 million clients in 64 countries. The group is a conglomerate of independently run businesses, operated according to the laws and regulations of many different countries. Despite being written in upper case, "AXA" is not an acronym, the name was chosen because it is short and can be pronounced easily the same way in every language. AXA is present in geographically diverse markets, with operations concentrated in Europe, North America and Asia Pacific. AXA’s is also present in Central and South America, Middle East and in Africa via operations in Cameroon, Gabon, Ivory Coast, Morocco, Senegal and Algeria. AXA has more than over 20 year’s continuous presence in Africa. In 2016, IFRS revenues amounted to Euro 100.2 billion and IFRS underlying earnings to Euro 5.7 billion. AXA had Euro 1,429 billion in assets under management as of December 31, 2016. AXA Mansard was incorporated in 1989 as a private limited liability company and is registered as a composite company with the National Insurance Commission of Nigeria (NAICOM). The Company offers life and non-life insurance products and services to individuals and institutions across Nigeria whilst also offering asset/investment management services, health management services and pension fund administration through its three subsidiaries AXA Mansard Investments Limited, AXA Mansard Health Limited and AXA Mansard Pensions Limited. From 2004 to 2015, AXA Mansard Insurance grew its turnover at a compounded annual growth rate (CAGR) of 55%. In 2016, GWP was NGN 20.7 billion, while net income was NGN 10.9 billion, a 10% increase over 2015. The company has progressed from the 97th position out of 109 insurance companies existing in 2003 to one of the top 4 out of 58 insurance companies in 2016. This growth has attracted the attention of analysts from across the world. AXA Mansard Insurance was listed on the Nigeria Stock Exchange in November 2009. In December 2014, AXA Mansard became a member of AXA following AXA’s acquisition of Assur Holdings (AAH), the majority shareholders in the erstwhile company. AXA Mansard Insurance plc is rated B+ by A.M. Best (2016) for Financial Strength. The Company is also certified ISO 9001:2008 compliant by the Standard Organisation of Nigeria (SON) for quality management systems.

Université Privée de Marrakech

Private Equity Round in 2014
Université Privée de Marrakech is a prominent private higher education institution located in Marrakech, Morocco. It caters to a diverse student body of over 2,000 individuals, providing a range of academic programs designed to meet the evolving needs of the local and regional job markets. The university is committed to delivering quality education and fostering an environment conducive to learning and personal development. Through its various programs, Université Privée de Marrakech aims to prepare students for successful careers and contribute to the advancement of knowledge in Morocco.

Touax Africa

Private Equity Round in 2013
Touax Africa is a joint venture between Touax SCA and ADP I, specializing in modular construction and transport solutions. Based in Morocco, the company focuses on acquiring and developing modular construction operations to meet the needs of diverse industries, including construction, mining, residential, tourism, events, health, and telecommunications. Through its subsidiaries, Touax Africa constructs modular buildings that provide quick and efficient space expansion for its customers, facilitating rapid responses to their operational requirements.
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