DPI Acquires 20 Percent Stake in Dolidol for US$30 Million (MENA)

Source(s): DPI

 

Pan-African private equity fund manager Development Partners International (DPI) has acquired an approximately 20 percent stake in Morocco-based Dolidol for US$30 million. Dolidol manufactures and distributes foam, mattress and bedding products in Morocco and Côte d’Ivoire. The company plans to partner with DPI to grow its business in West Africa. DPI invested through African Development Partners II