Adenia Capital III
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.
Amount
€ 5,000,000.00
Type of investment
Equity
Development impacts
- Local economic growth
- Private sector consolidation/innovation
Beneficiary locations
Investment field
Investment Companies & Funds
Activity
SME Fund
Adenia Partners is a private equity management firm investing in some of Africa’s most promising businesses. Adenia finances medium-sized companies in a variety of sectors with proven business models, yet showing ample room for improvement. Adenia takes controlling stakes to instigate radical change, both in terms of improving operations, and catalyzing development impact.
Equity
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.
Development impacts
-
Local economic growth
Private equity fund targeting SMEs
-
Private sector consolidation/innovation
The Fund's approach to take a majority stake in the investee is quite unique
The countries the Fund is focusing (W-Africa, Madagasc.) do not yet have local financial institutions that serves their need in equity finance.
The fund will invest in under-managed and inefficient SMEs. Adenia will acquire a majority stake and bring in their expertise to make the investee more sound, efficient. Often they change management , this is possible because of their majority stake in the business. Close coaching and training to portfolio companies
Set-up of performance indicators/M&A training/issue of shares training
The fund takes primary control positions to help companies in transformation phases
Made possible through this investment
Cresta
Ghana
Cresta is a manufacturer and distributor of auto refinish products and industrial coatings.
DDP Outdoor
Ghana
Founded in 1973, DDP Outdoor is an outdoor advertising platform in Ghana.
Mauvilac
Mauvilac is a leading paint, coatings, and chemical manufacturer and marketer in Mauritius.
Syrse
Côte d'Ivoire
Operating in 11 countries in West and Central Africa, Syrse is the regional leader in electronic payment solution, its main activity being the distribution and maintenance of ATMs.
Ciel
CIEL Ltd is a company listed on the Official Market of the Stock Exchange of Mauritius (SEM). It is the parent holding company of the CIEL group of companies, one of the leading industrial and investment groups based in Mauritius with operations in a number of African and Asian countries. CIEL employs c. 22,000 people.
Newpack
Madagascar
Newpack is the leader in corrugated cardboard packaging in Madagascar.
Kanu Equipment
Kanu Equipment is a pan-African distributor of earthmoving, mining, agriculture and construction heavy equipment.
Ademat
Côte d'Ivoire
Founded in Abidjan in 1983, Ademat is the leader of distribution, installation and maintenance of energy solutions in Côte d’Ivoire. Its range of products include generators, inverters, drive systems and other electric products in partnership with world-renowned manufacturers.
Opham
Madagascar
Created in 1952, Opham is the leading pharmaceutical products wholesaler in Madagascar. Opham distributes more than 4,500 specialty and generic products to pharmacies and hospitals in the country.
View more of our investments in this region
Investment Companies & Funds
African Rivers Fund IV
10,000,000.00
Angola, Democratic Republic of Congo, Uganda, Zambia
05/12/2024
Equity
