Adenia Partners invests in Egyptian healthcare and pharmaceutical company
Adenia Partners (“Adenia”), a leading private equity firm focused on growth opportunities in Africa, has signed definitive agreements to acquire a majority stake in Parkville Pharmaceuticals from Admaius Capital Partners (“Admaius”), a prominent Africa-focused private equity firm, alongside Dr. Sherif Bassiouny, Chairman of Parkville, and Dr. Mahmoud Farrag, CEO of Parkville. Parkville is a leading 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.