Adenia Partners Backs Ghana-based Cresta Paints(Sub-Saharan Africa)

Source: Adenia Partners

Sub-Saharan Africa-focused private equity firm Adenia Partners has invested in Ghana-based auto-refinish and industrial coatings manufacturer and marketer Cresta Paints. The transaction was structured through Adenia Capital (III). The company will use the new investment to increase its exports, expand internationally and develop its products. Financial details of the transaction were not disclosed.