Development Partners International (DPI) has finalized the sale of its 20.17% shareholding in Atlantic Business International (ABI) to Banque Centrale Populaire Group (BCP). This transaction results in BCP becoming the sole owner of ABI, holding 100% of its share capital.
ABI is a leading financial services provider operating across West and Central Africa, serving more than 850,000 customers in eight countries. DPI originally invested in ABI in 2017, supporting its growth and expansion in the region.
The deal, valued at over $200 million, places ABI’s valuation above $1 billion, making it one of the largest private equity exits in Africa this year. This marks DPI’s complete exit from its investment in ABI.
Commenting on the transaction, Babacar Ka, Partner at DPI, said:
We are pleased to have successfully sold our stake in Atlantic Business International to Banque Centrale Populaire. Over the years, we have worked closely with ABI’s management team and our fellow shareholders at BCP to strengthen and grow the business into one of the leading banking groups in the UEMOA region. We wish ABI continued success as it embarks on its next phase of growth.
