Adenia Partners
Private equityPort Louis · Growth–Late Stage · 3 people tracked
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 Aug 11, 2026.
Team · 3 people
from the firm's website
What they invest in
from 17 of 42 portfolio companiesAdvanced Manufacturing ×4Energy ×4Fintech ×4New Materials ×4Cleantech ×3Enterprise Software ×3Healthtech ×3Consumer ×2
HQs:Mauritius×4Madagascar×2Congo - Kinshasa×1Côte d’Ivoire×1France×1Ghana×1
Investments · 42 tracked
founders shown can be your intro pathEastcastle 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))Pankaj Kulshrestha(Founder (former Group COO of Eaton Towers))
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
Distributor of life sciences equipment and consumables for East African markets.
Producer of sand and aggregates and construction services provider in the Comoros.
Heavy equipment rental provider for agriculture and civil works in Mauritius.
Mauritian industrial and investment group listed on the Stock Exchange of 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)Issam Sarkis(Group Chief Finance Officer)Mark van Beuningen(Group Strategy & Investment Executive)
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.
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)
Leading call center in Mauritius specializing in telemarketing and CRM solutions.
Regional leader in e-payment solutions and financial services in Mauritius.
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
Providence, US
Andrew Bikash(Executive Officer, Director)Benjamin L. Grossman(Executive Officer, Director)Steven J. Grossman(Director)
Pan-African heavy equipment dealer, lessor and maintenance provider.
Litchi export business in Madagascar.
Mauvilac (Akzo Nobel Mauritius Limited) manufactures paints and coatings for cement, wood, and metal surfaces, along with specialised coatings, tints, varnishes, painting equipment, adhesives, and surface treatment products.
Advanced ManufacturingConstruction TechNew Materials
Female-founded, family-run Moroccan culinary brand offering traditional pastries, bakery and viennoiserie products, fine grocery items and gourmet catering.
One of Africa's largest independent insurance brokerage and risk advisory firms, providing insurance brokerage, risk advisory, and employee benefits solutions across nine African countries.
Regional insurance and financial services company in Mauritius and East Africa.
Portfolio company with activities in Morocco and Senegal being divested by Adenia and Proparco.
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)
Mobile network and internet operator in Madagascar.
Catering and corporate services provider (brand 'Ansamble') across Morocco and West Africa.
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
Boutique hotel in Mauritius with 70 rooms.
Grower of premium fresh-cut roses in Kenya for European markets.
Leading dairy product manufacturer in Madagascar.
Leading last-mile delivery and express parcel service in South Africa.
Kenyan supermarket chain merged into Quick Mart.
ADEMAT provides custom energy solutions in Côte d'Ivoire, including backup power supply, voltage stabilization, uninterruptible power for data centers, and industrial compressed air systems.
EnergyHardware
Exits · 1
IPOs and acquisitions across the tracked portfolioTumainiacq. by Quick Mart
Frequently asked questions
- What stage does Adenia Partners invest at?
- Adenia Partners invests at the Growth, Late Stage stages.
- 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.
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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