20

Our Strategies

Global capital. Local expertise.

We partner with established and growing businesses across Africa — combining deep local knowledge, international investment expertise and a disciplined approach to unlock growth and create long-term value.

How we invest

Five considerations guide every ADP investment.

  1. We invest across African markets, building a portfolio diversified across key regions, countries and sectors.

  2. Businesses benefiting from rising consumption, urbanisation, digitalisation and the expanding needs of Africa's middle class and mass market.

  3. Profitable or cash flow-positive companies with strong management teams, established market positions and significant growth potential.

  4. Proprietary and strategic opportunities where our expertise, local knowledge and active ownership can create meaningful value — at reasonable entry valuations.

  5. We consider exit routes from the outset, working with management to build resilient, high-quality businesses positioned for long-term success.

$50–150m

Target deal size, with co-investment for larger transactions

Control

or significant, influential minority positions

Flexible

Equity or quasi-equity, always with a real value-add role for DPI

From one fund to a multi-product platform.

Top quartile in Africa · 36% average USD revenue growth across ADP III · 1.4x average leverage vs 4.1x global.

Our partnership approach

One deal team, from first meeting to exit.

Our investment, Value Creation and Impact & ESG teams work as one — backed by a growing bench of operating executives from companies such as KKR, Lidl, M&S and Novartis.

See the work in our portfolio

  • Strategic development

    Identifying growth opportunities and delivering strategic objectives with management.

  • Operational excellence

    Strengthening performance, processes and organisational capability.

  • Digital transformation

    Harnessing technology to improve efficiency and reach new customers.

  • Capital projects & expansion

    Supporting businesses as they scale and enter new markets.

  • Impact & ESG

    Managing risk, strengthening resilience and creating lasting positive impact.

DPI Venture Capital

nclude.

Launched in 2025, the Nclude Innovation Fund backs entrepreneurs building financial technologies that empower underserved people and businesses in Egypt and other emerging economies — from Seed to Series C.

Challenging convention

Advancing innovations and technologies that empower people to push the boundaries of their ambition and potential.

$111.6m
Capital raised
14
Portfolio companies
9
Markets, from Egypt to Côte d'Ivoire
550+
Deals in pipeline
Next · Our PortfolioPartnering with ambitious businesses