Industry Newsroom

Adenia Partners Acquires Majority Stake in Ademat (Sub-Saharan Africa)

Adenia Partners, a private equity fund manager focused on growth opportunities and mid-cap buyouts in Sub-Saharan Africa, has acquired a majority stake in Ademat, a business services company in Côte d’Ivoire active in the power sector. Adenia invested through Adenia Capital (III). Ademat distributes, installs and maintains power devices, inverters, drive systems and other electrical and IT products. Adenia plans to grow the company through diversification of its product offering, new partnerships, international expansion and the implementation of best practices. Financial details of the transaction were not disclosed.