Our investment
In December 2016, CDC invested €13.5 million in Adenia Capital IV. CDC has supported the fund manager since 2007 and has backed Adenia Capital II and III. The fund manager is looking to make investments ranging from €5 million to €25 million out of its €230 million fund. Our investments enable Adenia to offer operational and strategic support to investee companies and facilitate their local and regional growth.
Expected impact
Trading in Ghana, Côte d’Ivoire and Madagascar – some of Adenia’s key territories – can be challenging. However, even market-leading companies in this region can lack strategic business management, operational rigour and sound environmental and social practices.
Adenia’s focus on improving these key areas can produce a lasting impact, and corresponding uplift in trade and business opportunities. The fund manager’s support will also help investee companies to reduce operational risk.
Environmental and social aspects
The fund manager has a well-established approach to environmental and social management and we will continue to support and monitor its approach as the portfolio grows.
Key facts
- Status:
- Active
- Region
:
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa
- Sector
:
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.
- Business services, Manufacturing, Other consumer services
- Website:
- http://www.adenia.com/
- Investment type
:
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund manager:
- Adenia Partners
- Start date
:
For direct investments, this is the date CDC committed capital to the business or project.
For funds, this is the date that CDC committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- November 2016
- Amount
:
For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).
For funds, this is the total amount that CDC has committed to the fund.
- $23.57m
- Domicile
:
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
- Mauritius
Investments made by this fund
- Active
- Exited
| Investment name | Country | Region | Sector | Start date | Status |
|---|---|---|---|---|---|
| Kanu Equipment | Africa | Business services | February 2018 | Active | |
|
Newpack
Newpack is engaged in the production and sale of corrugated carton boxes in Madagascar with an annual production capacity of 15,000 tons. |
Madagascar | Africa, East Africa | Manufacturing | April 2018 | Active |
| Tumaini Self Service Ltd | Kenya | Africa, East Africa | Other consumer services | December 2018 | Active |
