Adenia Partners Closes Oversubscribed Fund at $470M
April 5, 2024, 9:39 pm
Adenia Partners, a private equity firm focused on African growth, has successfully closed its fifth fund, Adenia Capital V, at $470 million. The fund attracted commitments from global investors, with 60% coming from existing backers like DEG, EIB, and IFC, and 40% from new relationships like the US DFC and Findev Canada. Adenia's strategy of investing in medium-sized African companies across various sectors has proven successful, with recent investments in Enfin and The Courier Guy showcasing their commitment to sustainable growth. The firm's acquisition of Air Liquide subsidiaries further solidifies their position as a key player in African private equity.