Adenia Capital II (formerly I&P Capital II)

Africa Manufacturing, Food and agriculture, Financial services

Founded in 2002, Adenia Partners is an investment firm investing in sub-Saharan Africa with offices in Mauritius, Madagascar, Cameroon, Cote d’Ivoire and Ghana. 

The firm takes controlling or influential minority stakes in small and medium size enterprises, which exhibit strong potential for operational improvement. Its focus markets are West Africa and the Indian Ocean.

This investment was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.

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
Countries

For funds, the countries listed here are those the fund has invested in so far.

:
Madagascar, Mauritius
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.

:
Financial services, Food and agriculture, Manufacturing
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

:
August 2007
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.

:
$11.79m
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
CIEL Mauritius Africa, East Africa Manufacturing February 2010 Active
Madagascar Litchi Export

Madagascar Litchi Export operates a litchi export station in Toasmasina, Madagascar.

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Madagascar Africa, East Africa Food and agriculture April 2010 Active
Fruid’iles

Fruid iles is an exporter of fair trade litchis in Toasmasina, Madagascar

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Madagascar Africa, East Africa Food and agriculture December 2011 Active
Socolait

Socolait produces and sells fresh and long-life dairy products, snacks and juices to the local market.

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Madagascar Africa, East Africa Food and agriculture March 2012 Active