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DPI acquires stake in Général Emballage, an Algerian packaging business
ALGIERS (Capital Markets in Africa) – Development Partners International (DPI), one of the leading African private equity specialists with US$1.1bn under management, has acquired through its ADP II fund a stake in Général Emballage, the leading packaging business in Algeria, which specialises in the manufacturing and processing of corrugated cardboard. ADP II closed in March 2015, at US$725mn, significantly above its target and is DPI’s second successfully closed fund. Under the agreement, a consortium comprising…
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