Development Partners International has successfully exited its investment in Atlantic Business International, selling its 20.17% stake to Banque Centrale Populaire Group for over USD 200 million, marking one of the largest private equity exits in Africa this year.

Information on the Target

Atlantic Business International (ABI) is a prominent financial services provider established in 1978, operating primarily in West and Central Africa. The company serves over 850,000 customers across eight countries, offering a wide range of banking and insurance services. ABI has expanded its operations to comprise ten banks and four insurance companies located in Côte d’Ivoire, Senegal, Burkina Faso, Benin, Togo, Guinea-Bissau, Mali, the Republic of Guinea, and Niger.

ABI has established itself as a key player in the financial landscape of the UEMOA region, underpinned by its commitment to promoting financial inclusion and fostering economic growth within local communities. Through strategic investments in the financial sector, ABI aims to support small businesses and enhance financial opportunities for underserved populations.

Industry Overview in the Target’s Country

The financial services industry in West Africa is experiencing significant growth, driven by a combination of increasing access to digital banking solutions, a rising middle class, and supportiv