• Adenia Partners acquires a majority stake in Cairo-based Parkville Pharmaceuticals in its first deal in Egypt.
• The transaction marks Adenia’s entry into North Africa after a focus on sub-Saharan Africa.
• Adenia targets local pharmaceutical production, digital distribution, and regional expansion.

Adenia Partners announced on January 26, that it signed an agreement to acquire a majority stake in Parkville Pharmaceuticals, a Cairo-based company. The private equity firm acquired the shares held by Admaius Capital Partners, which entered Parkville’s shareholder base in November 2023.

Mahmoud Farrag, co-founder and chief executive officer of Parkville Pharmaceuticals, said: “We remain deeply committed […] to fostering a healthy and stimulating work environment for our employees and to delivering sustainable, long-term value to our investors who believe in Parkville’s vision. Our ambition is to position Parkville as a champion in the Middle East and Africa.”

Parkville, founded 18 years ago, develops, manufactures, and distributes products across three segments: pharmaceuticals, cosmetics, and nutraceuticals. The company’s portfolio includes skincare, haircare, deodorants, dietary supplements, and pharmaceutical treatments. Parkville combines local manufacturing with regional distribution.

Adenia becomes a shareholder alongside the founders and the management team. The fund plans to expand the product range, strengthen digital channels, and accelerate online sales. Adenia also plans to expand Parkville into additional regional markets.

The transaction extends Adenia’s geographic footprint into North Africa after investments concentrated in sub-Saharan Africa. The deal remains subject to regulatory approvals.

Adenia’s entry into Egypt signals the attractiveness of the country’s healthcare and consumer goods markets. The firm gains access to a large domestic market, exposure to widely distributed health products, opportunities linked to the growth of healthcare e-commerce, and a potential export base for North Africa and the Middle East.

This article was initially published in French by Chamberline Moko

Adapted in English by Ange J.A de BERRY QUENUM