Pan African private equity firm Development Partners International (DPI), has appointed Takudzwa Mutasa as Principal.

Mutasa will work with the team to source and manage investment opportunities and partnerships across the continent, as well as work with existing portfolio investments.

Mutasa will rejoin DPI from KKR and has over a decade of investment experience of which the majority has been in African private equity.

Mutasa’s private equity experience, outside of DPI, has been gained at firms including KKR and Helios Investment Partners where he was involved in sourcing, analysing and executing private equity investments across the African continent.

He has been involved in numerous private equity transactions, with cumulative deal value of over $2.7bn.

He started his career at Citigroup in the Investment Banking Division working in both the London and New York offices. 

Mutasa said: “I am very excited to return to DPI. DPI’s longstanding presence and track record on the continent and as a leader in the Africa Private Equity space make this an exciting time for me to contribute to the growth of the firm.”

Mutasa’s appointment comes as the firm continues to expand and actively deploy capital with blue-chip companies across the continent.

African Development Partners II (ADP II) recently announced an investment in Atlantique Bank Group, a leading West African financial group; and has completed investments in Général Emballage, Algeria’s leading cardboard manufacturer; and B.Tech, the largest home appliances and consumer electronics in Egypt.

This year also marked DPI’s successful exits from CAL Bank and Osead, generating strong equity returns to investors. 

Runa Alam, CEO and co-founder of DPI, said: “We are delighted to welcome Takudzwa back to DPI. His skills and years of experience will add greatly to the team as we seek to identify attractive opportunities in our target markets across Africa.”