ADP III Holding 5

ADP III Holding 5 LP is a special purpose vehicle (SPV) structured as a limited partnership, created to facilitate co-investment alongside Africa Development Partners III (ADP III) — a private equity fund managed by Development Partners International (DPI) — into Kazyon Limited, Egypt's largest discount supermarket chain. Kazyon was founded in 2014 with a mission to provide affordable household essentials, dry goods, and fresh produce to underserved consumers. As of the investment period, Kazyon operated over 600 stores across 18 Egyptian governorates, supporting more than 5,000 jobs. The SPV was part of a USD 165 million equity consortium of institutional investors led by DPI, with co-investors including British International Investment (BII) and FMO, the Dutch development finance institution. Investment proceeds are targeted at funding Kazyon's expansion into Morocco, with projected creation of over 11,000 new jobs in Egypt and over 5,000 jobs in Morocco, ultimately serving 1.5 million customers per day. The structure reflects DPI's standard approach of using holding SPVs for large multi-investor co-investment transactions in African consumer and retail sectors.