Admaius Capital Partners, a Rwanda-based private equity firm investing across Africa, has invested in Egyptian healthcare and wellness company Parkville Holding Company via its $250m inaugural fund Virunga Africa Fund I.
The investment marks Virunga Africa Fund I’s third deployment and will support Parkville’s regional expansion.
In a press statement, Marlon Chigwende, a Managing Partner at Admaius, said: “This investment in Parkville is emblematic of Admaius’ investment strategy. Parkville is a very high-quality business, with skilled and entrepreneurial leadership, growing rapidly in one of Admaius’ key target sectors, with the potential for continued strong growth. As an impact aligned investor, we seek businesses able to deliver positive outcomes for key stakeholders including customers and employees. Through its portfolio of high-quality and affordable products Parkville is able to effectively serve the needs of its 80% female customer base.
“As one of the largest markets in Africa, we continue to see interesting opportunities to back strong Egyptian entrepreneurs who wish to take their business to the next level.”
Admaius Capital Partners was advised by Matouk Bassiouny. Parkville was advised by Zilla Capital and Adsero.
