DPI finally acquires ex-Louis Dreyfus Company Solevo
The deal, in the works for over a year, was stalled by the conflict in Ukraine. DPI, at the head of a consortium including three other minority shareholders, intends to accompany its acquisition in a new growth phase, notably geographical.
19/04/2023 at 05h00, by Aurelie Benoit
According to Africa Business+ sources, Solevo Group – a leading distributor of chemicals and inputs in Africa – is changing ownership after five years in the portfolio of Helios Investment Partners and Singapore’s Temasek. The company is now owned by pan-African fund manager Development Partners International (DPI). The DPI giant with $3 billion in assets under management structured a consortium with three other minority shareholders, Germany’s DEG, the Netherlands’ FMO and Mauritius’ South Suez.
Recommended articles
Agri-food industry
28/04/2023 at 16h33, by Africa Business+
Fertilisers: ETG and Yara to negotiate exclusive deal for West and Central Africa
Another major deal in the fertiliser sector is in the works following DPI’s acquisition of Solevo, which...
Agribusiness
23/02/2023 at 18h43, by Africa Business+
Ferdinand Mouko succeeds Marc Desenfans as head of Solevo Côte d’Ivoire
The move comes as Development Partners International (DPI) is discussing with Helios Investment Partners...
Agri-food industry
26/09/2022 at 16h40, by Africa Business+
Sale of Solevo by Helios : FMO in the running alongside DPI
The acquisition of the pan-African group is of interest to international donors, who are keen to secure...
Agri-food industry
12/04/2022 at 16h58, by Africa Business+
Solevo: DPI in exclusive due diligence until end of April
In March, OCP also finally submitted a bid, but Helios gave the London-based private equity firm the...
Industry
16/03/2022 at 16h41, by Africa Business+
DPI submits bid for Solevo, OCP drops out after all
Inside information from Africa Business+.
Advisory
24/01/2022 at 18h26, by Africa Business+
Rabobank advises Helios Investment Partners exit from Solevo
An exclusive from Africa Business+.