DPI buys 33% of MNT Investments (Egypt) for $45 million

Development Partners International (‘DPI’), an African focused private equity firm has invested $45 million for a 33% stake in MNT Investments, the holding company of Mashroey and Tasaheel. Mashroey and Tasaheel are market leaders in the fast growing consumer finance and microfinance sectors in Egypt. Mashroey provides financing for purchase of utility vehicles with focus on the Bajaj brand and Tasaheel provides microfinance with a focus on group loans to skilled women. Through the investment, DPI will partner with existing majority shareholder, GB Capital, a wholly owned subsidiary of GB Auto and Mounir Nakhla, the founder and CEO of MNT Investments. Mounir Nakhla will continue to lead the day-to-day operations of the business.

 

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