Adenia Capital (II)

Mauritius

Last updated 12 May 2020, by Impactyield.

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Adenia Capital II makes equity and quasi-equity investments in private companies active in Sub-Saharan Africa that contribute to economic and social development by partnering with entrepreneurs, mobilizing financial resources for the healthcare, hospitality, education, agribusiness/consumer goods, telecom, financial services, business services and other sectors.

Adenia Capital (II) is the secund fund launched by Adenia Partners. Its objective is to provide long-term capital appreciation to its investors through equity and quasi-equity investments in private companies in Sub-Saharan Africa. Adenia aims to contribute to the economic and social development of the region by partnering with entrepreneurs, developing winning and profitable strategies, and mobilizing financial resources for the private sector. The firm has a "high touch" operating model, taking an active role in portfolio companies. It devotes significant internal resources to help its management teams develop and execute growth strategies. The fund has been fully invested.



Financial description

Adenia's preferred investment strategy is to have control, with majority ownership, although we can also support outstanding promoters through a minority stake. The fund provides the necessary capital to allow for a change of control in the shareholding structure and to invest in order to increase production capacities, launch activities in new territories, etc.
To date 3 out of the fund's 7 investments have been exited, with an average IRR of 41% and an average multiple of 3.1x

16 years

of track record

2007

the year funded

30,000,000 EUR

AUM

Asset manager

Adenia Partners

Website

Headquarters location:

Other funds managed by this asset manager: Adenia Capital (IV)Adenia Capital (III)

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Ensure public access to information and protect fundamental freedoms

Universal access to safe and nutritious food

Double the improvement in energy efficiency

Promote policies to support job creation and growing enterprises

Full employment and decent work with equal pay

Develop sustainable, resilient and inclusive infrastructures

Universal access to information and communications technology

Key performance indicators

Fund overview

Asset manager: Adenia Partners

Product track record: Fund has 16 years of track record

Target IRR: n.a.

Committed Capital: n.a.

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage: ,

Inception year: 2007

Vintage year: 2007

Target region: , ,

Target close date: n.a.

Product term: 10 year term

Assets under management: 30,000,000 EUR (Euro)

Investment size: Min: 1,200,000; Max: 7,500,000; Avg: 3,000,000

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 7

Fund investments to date exited or repaid: 3

Management fee: 2.5%

Carried interest: 20%

Hurdle rate: 6%%

GIIN Investors' Council Investment: Yes

Limited Partners / Investors: Investors in Adenia Capital (II) are a combination of large reputable international Investors and regional individual investors and entrepreneurs. Directors and senior managers of Adenia Partners collectively hold 15% of Adenia Capital (II). Institutions investing in this fund include Proparco, the European Investment Bank (EIB), the International Finance Corporation (IFC), Norfund, CDC, and the Sugar Industry Pension Fund of Mauritius.

Limited Partner / Investor Type: Development Finance Institution (DFI), Family Office, Pension Funds

Contact

E-mail: n.a.

Website: http://www.adenia.com/index.php/about-us/who-we-are/

Phone number: + 230 213 81 95

If you wish to have your details removed from this database please email gdpr@impactyield.com


Antoine Delaporte

Managing Director

Poonam Baccha Bucktowar

Corporate Officer

Impact Performance

n.a.

Impact thesis

Adenia’s role is to contribute to the emergence of entrepreneurs who share our values of integrity, transparency, fairness and accountability. It is about driving sustainable changes and implement international standards within its portfolio companies which shall endure after exits. By upgrading infrastructures, instilling industrial, environmental, social, governance and financial best practices, our African portfolio companies are shifted into performing local models and enabled to grow sustainably.

Impact Management

n.a.

Financial benchmark

Term Description:

Keywords

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