Axian commits to African Development Partners III fund

Axian, a diversified group operating in multiple industries, has invested in the African Development Partners III fund, managed by Development Partners International (DPI).

Established in Madagascar 150 years ago, Axian is present in five industries, namely energy, real estate, telecoms, financial services and innovation.

With over $1.6 billion in assets under management, DPI invests in businesses, across the continent, positioned to benefit from the fast-growing emerging middle class.

“This investment platform will allow us leverage on relationships and open-up opportunities in strategic co-investments or buy-outs at fund exits where synergies with our core operations are available. We also see the possibilities for future collaboration with the fund managers on external transactions that promote innovation and require pooling of expertise,” says Hassane Muhieddine, CEO of AXIAN Financial Services.

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