DPI, Adwia end acquisition talks after failing to agree valuation

M&A WATCH- DPI, Adwia end acquisition talks after failing to agree valuation: Acquisition talks between UK Africa-focused private equity firm Development Partners International (DPI) and pharma manufacturer Adwia have broken down after the two sides failed to agree on a valuation, Adwia Chairman Hossam Taher told Al Mal. Adwia rejected DPI’s USD 150 mn valuation on the basis that pharma manufacturers have seen strong growth during the covid-19 pandemic, and opted to cancel negotiations, he said.