Swiss Investment Fund
for Emerging Markets

Search
Close this search box.

Adenia Capital IV

Adenia Capital IV is a EUR 200m sector-agnostic PE fund that will make equity investments of EUR 10-15m in 10-15 SMEs in Francophone (Côte d’Ivoire) and Anglophone (Ghana) West Africa and the Indian Ocean (Madagascar and Mauritius). The Fund has a distinct and focused strategy of transformative majority investments in well-established SMEs that can benefit from interventions of a hands-on value-add investor. The Fund will predominantly invest in agribusiness, consumer goods, information technology and communications, financial services, business services, hospitality, healthcare and education sectors.

Adenia Capital IV

Adenia Capital IV is a EUR 200m sector-agnostic PE fund that will make equity investments of EUR 10-15m in 10-15 SMEs in Francophone (Côte d’Ivoire) and Anglophone (Ghana) West Africa and the Indian Ocean (Madagascar and Mauritius). The Fund has a distinct and focused strategy of transformative majority investments in well-established SMEs that can benefit from interventions of a hands-on value-add investor. The Fund will predominantly invest in agribusiness, consumer goods, information technology and communications, financial services, business services, hospitality, healthcare and education sectors.

About the fund

The Fund’s main objectives are to foster economic growth, support sustainable job creation and promote the integration of target countries into the world economy. By providing long-term investment capital and value add services to its investees, the Fund will contribute to the expansion of the private sector in Francophone and Anglophone West Africa and the Indian Ocean. The Fund will also actively contribute to the international competitiveness of SMEs in the target countries, which will also include the implementation of environmental, social and governance standards.

Adenia takes a significant value-add and active role in portfolio companies, the Fund’s development impact will strongly lie in the contribution made to the institutionalization, growth and improved competitiveness of SMEs. Adenia’s ability to drive organic top-line growth enables job creation. Additionally, revenue growth increases financial resources available for additional benefits for staff, to mitigate environmental risks, and to drive Corporate Social Responsibility initiatives for local communities.

Adenia Partners is an independent private equity fund manager established in 2002 with a track record of three funds: Adenia Capital (EUR 10m, vintage 2003), Adenia Capital II (EUR 38m, vintage 2007) and Adenia Capital III (EUR 96m, vintage 2012).

Investments by the fund

             
Date Name Country Industry Status
2021 Company 1 Kenya Medical equipment Active
2022 Company 2 Nigeria Technology hardware and equipment Active
2021 Company 3 South Africa Renewable energy equipment and services Active
2018 Company 4 Mauritius Machinery and equipment Active
2018 Company 5 Madagascar Transport and packaging equipment Active
2021 Company 6 Senegal Hotels, restaurants and catering Active
2021 Company 7 Mauritius Medical equipment Active
2018 Company 8 Kenya Wholesale and retail sale Active
2021 Company 9 Kenya Personal and household goods Active
Reference code
2016-04
Status
Active
Date of commmitment
November 2016
Date of exit
-
Fund size
EUR
200,000,000
SIFEM commitment
EUR
10,000,000
Asset class
Private Equity
Investment strategy
Investment through Fund
Fund manager
Adenia Partners