Adenia Capital III LLC ltd.

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Adenia Capital LLC ltd (formerly I&P Capital III Llc) is a 10-year closed-end generalist private equity fund targeting primarily control positions in small and medium-sized companies in the Indian Ocean region as well as West Africa. The Fund targets €75 million and about 12 investments.

BIO’s involvement sends a positive signal to potential investors in a difficult fund-raising environment and challenging region. BIO’s participation will contribute for the manager to reach its target size and in that way allow it to fully implement its investment strategy. BIO’s investment will also give comfort to local private sector investors who are currently assessing investing in the Fund. BIO’s commitment to the Fund could leverage local private sector money.

Through this project, BIO supports the development of private equity in West Africa where there is still modest activity. Adenia Partners will increase and diversify the offer of capital for SMEs in West Africa and the Indian Ocean.

BIO has also subsidized a € 150.000 technical assistance project.

Website : www.ip-mngt.com

  • Investment amount (€):

    Equity:€5M

  • Contract signature :

    2012

  • Nature of intervention :

    Equity

  • Development impacts :

    • 1 — Development of SME sector
    • 2 — Job creation
    • 3 — Development of employee skills
    • 4 — Economic growth