Africa-focused private equity firm Adenia Partners has signed definitive agreements to acquire a majority stake in Parkville Pharmaceuticals, marking its first majority investment in Egypt. The stake was acquired from Admaius Capital Partners, alongside Parkville’s chairman Dr. Sherif Bassiouny and co-founder and CEO Dr. Mahmoud Farrag. Heba Hakky, principal at Adenia Partners, said the transaction reflects confidence in Egypt’s long-term economic fundamentals and in the ability of local champions to scale regionally. Adenia Partners was advised by Baker McKenzie as legal counsel. Zilla Capital acted as the sole financial advisor to the existing shareholders, while Matouk Bassiouny served as legal counsel.
