UK’s DPI invests $30 million in Moroccan mattress maker Dolidol

Development Partners International (DPI), a UK-based, Pan African private equity firm, announced its investment through African Development Partners II (ADP II), in UNI CONFORT MAROC Dolidol, a Moroccan foam, mattress and bedding products manufacturer.

Under the agreement, ADP II acquired a stake of just over 20 percent in Dolidol from the company and its existing shareholders, for a total amount of approximately $30 million.

The partnership with DPI will allow Dolidol to reinforce its market-leading position in Morocco, further leverage the strong growth prospects of its various business segments and execute its Sub Saharan Africa expansion strategy with an emphasis on West Africa.

Dolidol said this capital increase will allow it to further consolidate the institutionalisation of the firm. Moroccan law firms Naciri & Associés Allen & Overy and U.S. professional services network provider Deloitte advised DPI on the transaction. Financial services company West Capital Partners and Dentons advised Dolidol.