African Development Partners III L.P. (FMO-55663)

Regions
  • Africa
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
African Development Partners III L.P.
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ FMO website

Updated in EWS May 2, 2019

Disclosed by Bank Apr 18, 2019


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Project Description

Development Partners International ("DPI") was established in 2007 and is a leading pan-African private equity firm. FMO has invested in its first private equity fund: African Development Partners I ("ADP I"). DPI now manages USD 1.1bn in AUM and has invested in 20 portfolio companies across its two funds, ADP I, and its successor fund, African Development Partners II ("ADP II). DPI is now raising its third fund: African Development Partners III ("ADP III").

According to bank documents, Development Partners International's strategy is to build a diversified pan-African portfolio of private equity investments in established and growing companies benefiting from Africa's fast-growing, middle class. ADP III is expected to invest USD 40 - USD 120m in 8 - 14 different companies. DPI has more than 35 members of staff, of which 40% are women, and its investment team is 100% African. DPI also has a dedicated Portfolio Management team that works closely with the management's teams of its investees.

Investment Description
  • Netherlands Development Finance Company (FMO)
Contact Information

*Project information not provided at the time of disclosure*

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism