Adenia Capital III
Adenia Capital III is a 10-year closed-end generalist private equity fund targeting primarily control positions in SMEs in the Indian Ocean region as well as West Africa.
Amount
€ 100,000.00
Type of investment
Subsidy
Beneficiary locations
Investment field
Investment Companies & Funds
Activity
SME Fund
Founded in 2002, Adenia Partners is a private equity management firm investing in some of Africa’s most promising businesses. Through three funds, Adenia Capital (Indian Ocean), Adenia Capital (II), Adenia Capital (III), the firm currently manages $200 million of assets from its four offices based in Abidjan, Accra, Antananarivo and Port Louis. Adenia was founded by a team of entrepreneurs with experiences as business founders and CEOs.
The TA Facility is administrated by the Fund Manager of Adenia Capital III, Adenia Partners Ltd.
BIO’s contribution shall exclusively be used in connection with Adenia Capital III portfolio companies in order to finance technical assistance projects related to the transfer of knowledge and skills and with a specific attention to developmental impact, relying on external consultant(s), in the following areas:
- Management and Governance:
- General Management and corporate strategy
- Corporate Governance
- Accounting systems, financial reporting and management information systems
- New products development, new market development
- Best practices implementation (managerial, industrial, ESG, etc…)
- Environment and Social:
- Management systems (procedures, trainings, corrective action plans)
- Preparation to certifications
- HR assessment with a gender lens
- Production techniques, Certification, Quality and Safety:
- Production techniques-based advisory services for productive companies
- Systems and preparations of certifications related to health and safety, quality, agriculture
Made possible through this investment
Syrse
Operating in 11 countries in West and Central Africa, Syrse is the regional leader in electronic payments. Its main activity is the distribution and maintenance of ATMs for its clients, which are financial institutions. Leveraging its network of technicians, Syrse offers a number of other products and services to its clients, including the production and sale of personalized credit cards, IT integration, and bank transaction outsourcing.
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. 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.
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.
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.
DDP Outdoor
Ghana
Founded in 1973, DDP Outdoor is the market leader in outdoor advertising in Ghana. Leveraging a network of over 2,000 advertising faces across the country, DDP serves multinational and top-tier domestic clients across various sectors (FMCG, telecom, financial services).
Mauvilac
Madagascar
Mauvilac is a leading paint, coatings, and chemical products manufacturer and marketer in Mauritius. The 50-year-old flagship brand is specialized in decorative paints (which include “Go Green”, the first range of environmentally-friendly paints in Mauritius), speciality paint and coatings for automotive and industrial use, as well as related products including glues and adhesives
Cresta
Founded in Accra in 2002, Cresta Paints has grown to become the market leader in West Africa in after-market auto-refinish paint, exporting its flagship brand “SuperShine” to over a dozen countries in the region. Cresta also manufactures and distributes protective and industrial coatings, serving a variety of end-markets including construction, oil & gas, shipping and marine, power, manufacturing, and mining. In recent years, the company has expanded its operations to the Indian Ocean region and to India.
View more of our investments in this region
Investment Companies & Funds
Alterfin
20,125.00
Cambodia, Nicaragua, Côte d'Ivoire, Kenya
03/08/2021
Subsidy
Financial Institutions
The Currency Exchange Fund n.v.
7,091,000.00
Bangladesh, Cambodia, India, Indonesia, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Vietnam, Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Algeria, Egypt, Iraq, Jordan, Lebanon, Morocco, Syria, Tunisia, Palestinian Territories, Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia
05/09/2007
Equity
Investment Companies & Funds
Africinvest Fund II LLC.
6,000,000.00
Cameroon, Côte d'Ivoire, Ghana, Nigeria
28/08/2008
Equity
Investment Companies & Funds
Interact Climate Change Facility
6,000.00
India, Mongolia, Honduras, Côte d'Ivoire, Ghana
23/02/2011
Equity
Investment Companies & Funds
Interact Climate Change Facility
10,000,000.00
India, Mongolia, Honduras, Côte d'Ivoire, Ghana
23/02/2011
Debt
Financial Institutions
Bank of Africa Group S.A.
1,954,160.00
Benin, Burkina Faso, Côte d'Ivoire, Democratic Republic of Congo, Ghana, Kenya, Madagascar, Mali, Niger, Rwanda, Senegal, Tanzania, Uganda
30/03/2011
Equity
Investment Companies & Funds
Phatisa Food Fund 2
5,767,300.00
Ghana, Kenya, Malawi, South Africa, Tanzania, Uganda, Zambia
29/01/2021
Equity
Financial Institutions
Orabank Côte d'Ivoire
10,000,000.00
Burkina Faso, Côte d'Ivoire, Guinea, Mali, Niger, Senegal
09/02/2016
Debt
Investment Companies & Funds
AgRIF Coöperatief U.A.
105,000.00
Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal
11/09/2018
Subsidy
Investment Companies & Funds
AgRIF Coöperatief U.A.
5,438,332.50
Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal
18/06/2015
Equity
Enterprises
Enko Education
850,000.00
Burkina Faso, Cameroon, Côte d'Ivoire, Mali, Mozambique, Senegal, South Africa
17/12/2020
Debt
Financial Institutions
ACEP Group
30,900.00
Burkina Faso, Cameroon, Madagascar, Niger, Senegal
30/07/2018
Subsidy
Financial Institutions
Alterfin
3,000,000.00
Cambodia, Nicaragua, Côte d'Ivoire, Kenya
15/07/2020
Debt
Investment Companies & Funds
Fairtrade Access Fund
350,000.00
Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda
07/04/2020
Subsidy
Investment Companies & Funds
AfricInvest Financial Inclusion Vehicle
10,000,000.00
Morocco, Côte d'Ivoire, Democratic Republic of Congo, Ghana, Kenya, Nigeria, Rwanda, Tanzania, Zambia
14/12/2017
Equity
Investment Companies & Funds
Alterfin
250,000.00
Cambodia, Nicaragua, Côte d'Ivoire, Kenya
13/12/2002
Equity
Investment Companies & Funds
Fairtrade Access Fund
3,000,000.00
Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda
24/10/2019
Equity
Financial Institutions
ACEP Group
4,100,000.00
Burkina Faso, Cameroon, Madagascar, Niger, Senegal
14/10/2019
Equity
Investment Companies & Funds
Verod Capital Growth Fund III
8,733,600.00
Ghana, Nigeria
25/07/2019
Equity
Investment Companies & Funds
Africa Renewable Energy Fund
8,896,000.00
Ghana, Kenya, Senegal, Uganda, Zambia
30/10/2014
Equity
Investment Companies & Funds
Beyond the Grid Solar Fund
4,175,007.50
Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Nigeria, Rwanda, Tanzania, Uganda
26/10/2017
Debt
Investment Companies & Funds
Adenia Capital IV LP
9,000,000.00
Côte d'Ivoire, Ghana, Madagascar
01/11/2016
Equity
Financial Institutions
ACEP group
67,512.00
Burkina Faso, Cameroon, Madagascar, Niger, Senegal
23/07/2019
Subsidy
Enterprises
Enko Education
2,000,000.00
Burkina Faso, Cameroon, Côte d'Ivoire, Mali, Mozambique, Senegal, South Africa
20/09/2018
Debt
Investment Companies & Funds
Adenia Capital III
5,000,000.00
Côte d'Ivoire, Ghana, Madagascar
28/02/2012
Equity
Investment Companies & Funds
Adenia Capital III
100,000.00
Côte d'Ivoire, Ghana, Madagascar
19/05/2016
Subsidy
Investment Companies & Funds
Adenia Capital III
150,000.00
Côte d'Ivoire, Ghana, Madagascar
28/09/2012
Subsidy
