Adenia Capital IV

Equity : November 2016

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

Sub-Saharan Africa: Côte d'Ivoire, Ghana, Kenya, Madagascar

Investment field

Investment Companies & Funds

Activity

SME Funds

Organisation

Adenia Capital IV

Website

http://www.adenia.com/

Domicile

Mauritius

More investments in

Adenia Capital IV

Subsidy € 150,000.00 (2023)

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

Thanks to the direct funding from BIO, the following second-line investments have been made possible.

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.