DEG signs investment in Adenia private equity fund
DEG signs investment in Adenia private equity fund
The German DFI has disclosed an equity investment in the Adenia Capital V fund.
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German development finance institution DEG has disclosed an equity investment of $20 million in the Adenia Capital V fund.
Adenia V is the fifth fund managed by Adenia Partners, founded in 2002. Adenia is a private equity firm focused on control investments in mid-cap businesses in Africa and an existing DEG partner. The manager has an on-the-ground presence in eight key markets in Africa (Kenya, Madagascar, Ghana, Côte d'Ivoire, South Africa, Nigeria, Morocco and Mauritius). Adenia has executed over 30 investments across the four predecessor funds totalling about $400 million.
The first investment of Adenia V has been a majority investment in Enfin, a solar financing solutions provider serving commercial and industrial clients across South Africa.
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