DEG commits €15m to Adenia Entrepreneurial Fund I
The fund will target small- to mid-cap African businesses.
** For the best experience, download the free Africa Private Equity News app Android | iOS **
German development financier DEG has disclosed a signed investment of €15 million in the Adenia Entrepreneurial Fund I (AEF I), managed by Adenia Partners.
AEF I is the sixth fund of Adenia. The manager has an on-the-ground presence in eight markets in Africa: Kenya, Madagascar, Ghana, Côte d’Ivoire, South Africa, Nigeria, Morocco and Mauritius.
The fund will deploy its capital to acquire stakes in small- to mid-cap companies with proven business models and strong growth potential, with the objective of building regional champions across Africa.
Want to know who is raising, investing, and exiting in Africa? Get Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Subscribe now