DPI Acquires a Minority Stake in HomeChoice International (Sub-Saharan Africa)

Source: DPI

Pan-African private equity firm Development Partners International (DPI) has acquired a minority stake in South Africa-based home shopping retailer HomeChoice International. The transaction was structured through DPI’s second fund, African Development Partners II. DPI’s investment will be followed by HomeChoice’s listing on the JSE in December. Financial details of the transaction were not disclosed.