Mauritius Manufacturing

Mauvilac is a leading paint, coatings and chemical products manufacturer and marketer in Mauritius founded by the Maurel family. It specialises in decorative paints and coatings for automotive and industrial use; the company also distributes chemicals primarily for the textile , construction and cosmetic sectors.

We are invested in Mauvilac through Adenia Capital III (formerly I&P Capital III), which is managed by Adenia Partners. For further information on the fund, the fund manager, and the expected impact of the fund’s investment, click here.

Key facts


Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

Africa, East Africa

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.

Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

Intermediated investment
Adenia Capital III (formerly I&P Capital III)
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

July 2014

This is the investee company’s place of incorporation; or a fund’s jurisdiction.