ADENIA CAPITAL V LPStatus: Approved investment
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Who is our customer
Adenia Capital V LP (Adenia V) is a private equity fund being raised by Adenia Partners Ltd (Adenia), a pan-African PE firm based in Mauritius and an existing relationship of FMO. Adenia V is targeting to raise USD 400m in commitments and will make buy-out and/or growth capital investments in medium sized companies across Africa.
What is our funding objective?
The aim is to bring much needed capital and apply world class investment skills to companies in Africa, with underlying objective to foster economic and social development. Adenia V will make equity investments in medium sized companies with proven business models and strive to turn these companies into local/regional champions. Adenia also aims to instill strong ESG culture and generate impact particularly in the areas of climate and gender.
Why do we fund this investment?
Adenia has a very experienced and professional management team that is committed to building sustainable businesses employing high ESG standards. By supporting Adenia we collaborate with a local partner to empower entrepreneurs and promote local prosperity on the African continent.
What is the Environmental and Social categorization rationale?
While the fund contains no investments at the outset, we have classified this fund commitment as risk category B since few of the companies in their pipeline are considered to be medium risk. Adenia has demonstrated a strong commitment to implementing high ESG standards in their selection, execution and monitoring of investments. They have in-house capability to do so and FMO will support the manager in further developing and implementing ESG best practices.
- Infrastructure, Manufacturing and Services
- Effective date
- Total FMO financing
- USD 25.00 MLN
- FMO NV
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C)