Project detail - ADENIA CAPITAL V LP


Status: Approved investment
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The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

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
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)