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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

Africa: Côte d'Ivoire, Ghana, Kenya, Madagascar

Investment field

Investment Companies & Funds

Activity

SME Funds

Organisation

Adenia Capital IV

Domicile

Mauritius

More investments in

Adenia Capital IV

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.

Africa Biosystems

Kenya

Africa Biosystems Limited (ABL) is a distributor of life sciences and laboratory equipment in East Africa.

Herholdt's

South Africa

Herholdt’s is a South African distributor of low voltage electrical and solar energy products.

Kanu Equipment

Kanu Equipment is a pan-African distributor of earthmoving, mining, agriculture and construction heavy equipment.

Newpack

Madagascar

Newpack is the leader in corrugated cardboard packaging in Madagascar.

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.

Red Lands Roses

Kenya

Red Lands is a leading grower of premium fresh cut roses in Kenya.

Tumaini / Quick Mart

Kenya

Quick Mart is a grocery supermarket chain.

Eastcastle Infrastructure

Côte d'Ivoire, Democratic Republic of Congo, Nigeria

Telco Towers

View more of our investments in this region

Alterfin

Financial Institutions

Alterfin

 350,000.00

  25/03/2025

  Subsidy

Agroserv Industrie SA

Enterprises

Agroserv Industrie SA

 11,190.00

  Burkina Faso

  16/01/2025

  Subsidy

Gebana Burkina Faso

Enterprises

Gebana Burkina Faso

 24,244.00

  Burkina Faso

  16/01/2025

  Subsidy

African Rivers Fund IV

Investment Companies & Funds

African Rivers Fund IV

10,000,000.00

  Angola, Democratic Republic of Congo, Uganda, Zambia

  05/12/2024

  Equity

Yodawy

Enterprises

Yodawy

22,154.00

  Egypt

  01/08/2024

  Subsidy

candi solar

Infrastructure

candi solar

9,000,000.00

  South Africa, India

  31/07/2024

  Debt

Gebana Burkina Faso

Enterprises

Gebana Burkina Faso

 15,828.00

  Burkina Faso

  30/07/2024

  Subsidy

ARPE Ltd.

Infrastructure

ARPE Ltd.

12,000,000.00

  Uganda

  29/07/2024

  Debt

Inside Equity Fund II

Investment Companies & Funds

Inside Equity Fund II

5,000,000.00

  01/07/2024

  Equity