Adenia Partners — Full Portfolio

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-investorsBABayern Kapital

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

GPGuillaume P. A. Dalais(Group Chief Executive)inISIssam Sarkis(Group Chief Finance Officer)inMVMark 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-investorsANAndreessen HorowitzGRGreylock PartnersLGLG Technology VenturesQUQualcomm VenturesSESequoia CapitalTITiger Global Management+2 more

DDP Outdoor Limited operates outdoor advertising in Ghana and Western Africa, running a network of over 2,700 billboards along with billboard production, installation, point-of-sale materials, exhibition displays, and wide-format digital printing.

AdTechMedia & Entertainment

Enfin funds, insures, and maintains solar energy systems for businesses, offering financing options such as solar power purchase agreements, roof rentals, and hybrid grid-tied or fuel-saver setups with no upfront capital.

CleantechEnergyFintech

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)

A 146-room beachfront hotel on Réunion Island offering accommodation, dining, and event spaces.

Travel & HospitalitySaint-Gilles, RE

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

Newpack manufactures customizable corrugated cardboard packaging, including American-style boxes and specialized die-cut boxes with optional printing and matte or glossy finishes.

Advanced ManufacturingNew 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.

OMOA supplies and maintains automated teller machines (ATMs) and payment terminals for financial institutions across Africa, offering turnkey services including installation, supervision, and 24/7 maintenance.

Enterprise SoftwareFintechRetail Tech

Leading last-mile delivery and express parcel service in South Africa.

Co-investorsIFIFC

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-investorsAMAmethisSPSPE Capital Partners