DPI has signed an agreement to sell 100% of International Facilities Services to a consortium comprising ES-KO and Phatisa, marking their second major exit in 2024.

Information on the Target

Development Partners International (DPI) has entered into a binding agreement to sell 100% of its shares in International Facilities Services (IFS) to a consortium consisting of ES-KO, a global provider of integrated facility support services, and Phatisa, a Mauritius-based private equity firm, alongside IFS's management team. This transaction marks DPI's second significant exit of the year, following its earlier divestment from KELIX bio in March.

Founded in 2000, IFS has established itself as a leading integrated facilities management company in Africa, specializing in support for blue-chip clients operating in remote locations. DPI initially invested in IFS through its second flagship fund, African Development Partners II (ADP II), back in 2019. Since that time, DPI has collaborated closely with IFS's management to navigate the operational challenges associated with scaling within the African context while driving international expansion.

Industry Overview in Africa

The integrated facilities management industry in Africa has experienced notable growth due to the increasing demand for tailored facility services across various sectors. This growth is driven by the region's expanding infrastructure and th