Adenia Capital IV
BIO has granted EUR 150,000 to the technical assistance facility of Adenia Capital IV, a PE fund focused on Sub-Saharan Africa
Amount
€ 150,000.00
Type of investment
Subsidy
Beneficiary locations
Investment field
Investment Companies & Funds
Activity
One of the key pillars of Adenia’s strategy lies in its capacity to positively and sustainably transform businesses, by “institutionalising” SMEs through different initiatives that enhance operational performances, build internal capabilities, mitigate risks and foster resilience. The use of technical assistance (TA) enables to address the limitations faced by companies that do not have the necessary internal human resources or/and the technical expertise to carry out the structural projects through which Adenia supports its investees’ institutionalization process; therefrom, naturally helping to accelerate the transformation of businesses. The deployment of TA funds to portfolio companies is of particular importance given Adenia's investment strategy, as it is one of the levers enabling the radical transformations targeted during the Fund’s value creation phase.
With the support of previous TAF contributions, Adenia has implemented projects in diverse areas for its investees to date; from the improvement of gender diversity and inclusion, to climate resilience, to ESG.
Technical assistance
The technical assistance facility will enable organisational, managerial, and financial improvements and support the delivery of positive impact to investee companies of the Fund, by:
- Improving internal Social, Environmental and Governance (ESG) practices ;
- Improving operational and business development performance ;
- Improving gender inclusion; and
- Promoting climate change mitigation.
Expected impact
The expected impact of the TAF, through the funding of specific TA missions at the investee level, is to leverage Adenia’s impact on its portfolio companies by promoting sustainable business practices and facilitating organisational, financial, and management improvements aimed at further institutionalising the SMEs in its portfolio, thereby also increasing the companies’ value.
Made possible through this investment
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
Investment Companies & Funds
African Rivers Fund IV
10,000,000.00
Angola, Democratic Republic of Congo, Uganda, Zambia
05/12/2024
Equity