Adenia Capital IV
Adenia IV seeks to invest growth capital in a variety of sectors including agribusiness, consumer, manufacturing, healthcare, business services and hospitality.
Amount
€ 9,000,000.00
Type of investment
Equity
Development impacts
- Local economic growth
- Private sector consolidation/innovation
Beneficiary locations
Investment field
Investment Companies & Funds
Activity
SME Funds
Adenia Capital (IV) LP is 10-years closed-end generalists Private Equity fund targeting medium sized companies in West Africa and the Indian Ocean region. The fund will acquire majority and controlling stakes in under-managed mid-sized companies and aims to transform them into sustainable and regional leaders. Adenia acts as an "agent of change" in this respect.
Development impacts
-
Local economic growth
Adenia's focus on top-line expansion enables job creation and opens up access to clients and opportunities to suppliers.
-
Private sector consolidation/innovation
SMEs in Sub Saharan Africa are challenged by 3 market failures: firms facing succession, lack of financing available and difficulty in attracting high-caliber management talent. Through Adenia's distinct approach to make control investments in midsized companies, it has the capacity to address these problems.
Made possible through this investment
Kanu Equipment
Kanu Equipment is a pan-African distributor of earthmoving, mining, agriculture and construction heavy equipment. As one of the largest dealers for Liebherr and Bell Equipment in East, West and Southern Africa, Kanu has spare parts distribution centres across the continent.
Red Lands Roses
Kenya
Agribusiness
Tumaini
Kenya
Newpack
Madagascar
Newpack is the leader in corrugated cardboard packaging in Madagascar. With annual production of over 15 million square meters (10,000 tons), Newpack is also the largest cardboard producer in the islands of the south west of the Indian Ocean.
Quick Mart
Kenya
Consumer retail
Africa Biosystems
Kenya
Medical equipment distribution
Herholdt's
South Africa
Renewable energy
Eastcastle Infrastructure
Côte d'Ivoire, Democratic Republic of Congo, Nigeria
Telco Towers
Overseas Catering Services - OCS
Côte d'Ivoire, Morocco, Senegal
A leading corporate catering and related services provider in Africa and the Middle East
Proximed
Proximed Ltd is a leading medical solution distributor.
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Financial Institutions
TerraPay Payment Services
10,000,000.00
Cameroon, Côte d'Ivoire, Kenya, Senegal, Tanzania, Uganda, Bangladesh, India, Philippines, Vietnam
25/03/2024
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Investment Companies & Funds
SIMA Commercial & Industrial Solar Green Bond
10,000,000.00
Kenya, Nigeria, South Africa
29/12/2023
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