Adenia Partners acquires majority stake in Parkville Pharmaceuticals
Parkville is active in the pharmaceutical, cosmeceutical, and nutraceutical sectors.
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Private equity firm Adenia Partners has signed definitive agreements to acquire a majority stake in Parkville Pharmaceuticals from Admaius Capital Partners, alongside Sherif Bassiouny, chairman of Parkville, and Mahmoud Farrag, the company’s CEO.
Parkville is an Egyptian healthcare and pharmaceutical company active in the pharmaceutical, cosmeceutical, and nutraceutical sectors. The transaction is subject to customary closing conditions and regulatory approvals. Financial terms were not disclosed.
Founded in 2008 and headquartered in Cairo, Parkville specialises in the development, manufacturing, and distribution of products including skincare, haircare, deodorants, wellness, and therapeutic pharmaceutical lines.
Stéphane Bacquaert, managing partner of Adenia Partners, said: “We are delighted our first acquisition in Egypt is into one of the region’s fastest growing businesses. We see tremendous potential in Parkville’s mission to expand access to affordable, high-quality health and personal care products.”
Dr. Mahmoud Farrag, co-founder and CEO of Parkville Pharmaceuticals, said: “We are proud of the solid progress Parkville has achieved over the past two years in partnership with Admaius and our management team. This transformation has delivered a highly positive outcome for Admaius, translating into strong value creation. As we look ahead, we are excited to partner with Adenia to expand our product offering, strengthen our digital and commercial capabilities, and grow regionally. We remain deeply committed to serving our customers with excellence, fostering a healthy and empowering work environment for our people, and delivering sustainable, long-term value for our investors who believe in Parkville’s vision. Our ambition is to position Parkville as a Middle East and Africa champion.”
Heba Hakky, principal at Adenia Partners, commented: “This investment reflects our conviction in Egypt’s long-term fundamentals and in the strength of locally built champions. We look forward to working closely with Parkville’s founders and management team in the next phase of its growth.”
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