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Adenia Partners, the Mauritius-based private equity firm led by Antoine Delaporte, has agreed to acquire a majority stake in Egypt’s Parkville Pharmaceuticals, marking its first controlling investment in the country. The deal, signed under a definitive agreement, is subject to customary regulatory approvals and closing conditions. Financial terms were not disclosed.
Under the transaction, Adenia will buy the majority holding from pan-African private equity firm Admaius Capital Partners, alongside Parkville’s co-founders and executives, Chairman Sherif Bassiouny and Chief Executive Officer Mahmoud Farrag. The investment brings Adenia into one of Egypt’s fastest-expanding segments of consumer health and personal care.
Parkville broadens Egypt healthcare reach
Founded in 2008 by Bassiouny and Farrag, Parkville has grown from a locally focused business into a significant Egyptian healthcare company with operations spanning pharmaceuticals, cosmeceuticals, and nutraceuticals. The company develops, manufactures, and distributes products across skincare, haircare, deodorants, wellness, and therapeutic pharmaceutical lines, serving both mass and specialized markets.
Parkville’s growth has been shaped by an emphasis on product development, manufacturing standards, and local distribution, helping it build a recognizable presence in Egypt’s competitive health and beauty market. Its leadership says that focus has supported steady expansion over the past several years, including a period of close collaboration with Admaius Capital Partners.
With Adenia joining as a majority shareholder, the company plans to deepen its product range, strengthen its digital and e-commerce channels, and expand into regional markets across the Middle East and Africa. The investment aligns with Adenia’s broader strategy of backing established African businesses with room to scale operationally and commercially.
Adenia deal fuels Egypt, MEA expansion
“We are delighted that our first acquisition in Egypt is in one of the region’s fastest-growing businesses,” said Stéphane Bacquaert, managing partner at Adenia Partners. He added that the firm sees strong potential in Parkville’s focus on affordable, high-quality health and personal care products.
Heba Hakky, a principal at Adenia, said the deal reflects confidence in Egypt’s long-term economic fundamentals and the strength of companies built by local management teams. She said Adenia looks forward to working closely with Parkville’s founders as the business enters its next phase.
Farrag said Parkville’s partnership with Admaius over the past two years helped strengthen operations and deliver value for investors. “As we look ahead, we are excited to partner with Adenia to expand our offering, reinforce our commercial capabilities, and grow beyond Egypt,” he said, adding that the company remains focused on customers, employees, and long-term investors.
Adenia manages $1 billion across Africa
Founded in 2002 by Antoine Delaporte, Adenia Partners manages more than $1 billion in capital across five funds and co-investments. The firm has completed more than 35 platform investments and realized 21 exits, with portfolio companies employing more than 17,000 people across the continent.
Adenia operates through eight offices across Africa and focuses on majority ownership with hands-on operational support. Before founding the firm, Delaporte built and scaled multiple businesses in Madagascar and previously worked at Bain & Company in Paris and London. He holds a master’s degree from ESCP Business School and an MBA from INSEAD.
