Fundraising Fox
Port Louis · Growth · 3 people tracked
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Investment thesis
Adenia positions itself as a responsible private equity investor focused exclusively on Africa, making control investments in medium-sized companies across diverse sectors and regions of the continent. As a controlling investor, it seeks to build stronger, sector-leading regional companies while creating quality jobs, driving economic development, and improving ESG standards among its portfolio companies. The strategy aims to increase enterprise value for investors while delivering positive outcomes for workers, communities, businesses, and the environment across Africa.
Source: firm website, verified Sep 29, 2026.
Team · 3 people
from the firm's website
What they invest in
from 18 of 41 portfolio companiesAdvanced Manufacturing ×5Enterprise Software ×5Energy ×4Fintech ×4New Materials ×4Cleantech ×3Consumer ×3Healthtech ×3
HQs:Mauritius×4Madagascar×2Congo - Kinshasa×1Côte d’Ivoire×1France×1Ghana×1
Investments · 41 tracked
founders shown can be your intro pathBy year:2022 · 12021 · 12 dated
Eastcastle Infrastructure builds and operates build-to-suit telecom towers and related infrastructure for mobile network operators, serving markets in the Democratic Republic of Congo and Nigeria.
CleantechEnergyEnterprise SoftwareHardwareImpact & Social GoodIoT
Peter Lewis(Founder (former Group CFO of Eaton Towers))inPankaj Kulshrestha(Founder (former Group COO of Eaton Towers))in
Erium is a pan-African producer and distributor of industrial and medical gases (oxygen, nitrogen, CO2, acetylene, helium) serving mining, oil and gas, construction, food and beverage, and healthcare sectors.
Advanced ManufacturingHealthtechNew Materials
Co-investorsBayern Kapital
Ademat provides power generation, transmission, stabilization, supervision, maintenance, and repair solutions for continuous energy supply in Abidjan and Côte d'Ivoire, serving businesses and data centers.
EnergyEnterprise SoftwareHardwareAbidjan, CI
Co-investorsAmethisSPE Capital Partners
Distributor of life sciences equipment and consumables for East African markets.
Heavy equipment rental provider for agriculture and civil works in Mauritius.
CIEL Group is a diversified investment and management group operating across multiple business clusters including textiles, healthcare, hospitality, and financial services.
AgTechEnterprise SoftwareFintechSector AgnosticMauritius, MU
Guillaume P. A. Dalais(Group Chief Executive)inIssam Sarkis(Group Chief Finance Officer)inMark van Beuningen(Group Strategy & Investment Executive)in
CIEL Textile is a Mauritius-based apparel manufacturer producing garments for leading fashion brands, operating across Mauritius, Madagascar, India and Bangladesh.
Advanced ManufacturingConsumerNew Materials
Leading paint manufacturer in Ghana focused on West African exports.
Co-investorsAccenture VenturesAndreessen HorowitzGenesys CapitalGreylock PartnersLG Technology VenturesQualcomm Ventures+5 more
Expand (Expand Technology Holding Ltd) provides custom software development, e-payment system integration, and flexible recruitment and outsourcing services for businesses across industries including events, e-commerce, and financial services.
Developer ToolsEnterprise SoftwareFintechHR TechSaaS
Michel Teyssedre(Founder & Director)Noé Teyssedre(Director)
Litchi export company based in Toamasina, Madagascar.
The Herholdt's Group is a South African wholesaler and supplier of electrical, lighting, and renewable energy products and accessories from various brands.
CleantechEnergyRetail TechCape Town, ZA
Bernhard 'Kiepie' Herholdt(Co-founder)Frikkie Esterhuizen(Co-founder)
Louvre Hôtel & Spa is a hotel in Madagascar offering guest rooms, a spa, a bistronomic restaurant (St.
Travel & HospitalityWellness & Fitness
Kanu Equipment supplies mining, earthmoving, construction, and agriculture machinery, serving as a dealer for brands including Liebherr and Bell Equipment.
Advanced ManufacturingAgTechConstruction TechProvidence, US
Andrew Bikash(Executive Officer, Director)Benjamin L. Grossman(Executive Officer, Director)Steven J. Grossman(Director)
Co-investorsPhatisa
Mauvilac is a paint brand offering products such as interior and exterior wall, ceiling, and specialty coatings, sold through an online shop with store pickup options.
Advanced ManufacturingConstruction TechConsumerE-commerceNew Materials
OPHAM is a Madagascar-based pharmaceutical distribution company operating across the country's distribution channels, offering product traceability and distribution services aligned with international standards.
HealthtechLogistics & Supply ChainAntananarivo, MG
Professeur Ratsimamanga(Founder)
PROXIMED is a home healthcare provider that selects, advises on, and delivers prescribed medical equipment to support patients, seniors, and people with disabilities in staying or returning home safely.
Digital HealthHealthtechMedical Devices
Quickmart is a supermarket retail chain offering a variety of grocery and general goods to consumers at affordable prices.
ConsumerRetail Tech
Duncan Kinuthiain
Grower of premium fresh-cut roses in Kenya for European markets.
Leading last-mile delivery and express parcel service in South Africa.
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
CBECIELExecom (CRM + Prophony)Expand TechnologyMadagascar Litchis ExportMauritius UnionMaymanaMinet GroupMUAOCS GroupOrange MadaOrange MadagascarOverseas Catering ServicesOverseas Catering SystemsRecif AttitudeSocolaitTumaini
Exits · 1
1 acquisitionsTumainiacq. by Quick Mart
Frequently asked questions
- How many investments has Adenia Partners made?
- Adenia Partners has 41 tracked investments, 1 of which have exited.
- What stage does Adenia Partners invest at?
- Adenia Partners invests at the Growth stage.
- What sectors does Adenia Partners focus on?
- Adenia Partners focuses on Advanced Manufacturing, Consumer, Healthtech, Impact & Social Good, Sector Agnostic.
- Where is Adenia Partners located?
- Adenia Partners is headquartered in Port Louis, MU.
- Does Adenia Partners lead rounds?
- Yes, Adenia Partners leads investment rounds.
- Who does Adenia Partners co-invest with?
- Adenia Partners most often shares deals with Amethis, Bayern Kapital, Phatisa, among 4 tracked co-investors.
Media · Podcasts & interviews
from their channelRed Lands Roses - Expansion of the farm
Adenia Partners
Adenia Partners: 2022 Firm Overview
Adenia Partners
Adenia Partners - Our In-House Impact Management Framework to Drive Impact in Africa
Adenia Partners
Adenia Partners - Opham Sustainable Transformation Plan
Adenia Partners
Adenia Partners - Socolait Sustainable Transformation Plan
Adenia Partners
Adenia Partners - Mauvilac Sustainable Transformation Plan
Adenia Partners
Images
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