Adenia Partners

Adenia Partners is a private capital management firm established in 2002 and headquartered in Port Louis, Mauritius. The firm focuses on investing in promising businesses throughout Africa, targeting sectors such as agribusiness, manufacturing, financial services, telecommunications, hospitality, and healthcare. By leveraging its expertise and insights, Adenia Partners aims to foster growth in these industries and contribute to the development of the African economy.

Dan Apungu

Principal

Charles Boatin

Investment Manager

Florent de Boissieu

Principal

Antoine Delaporte

Founder and Managing Director

Nnennia Ejebe

Principal

Martha Osier

Partner

Pamela Ramigadu

CFO

Christophe Scalbert

Principal

Past deals in Madagascar

Socolait

Acquisition in 2012
Socolait is a dairy product manufacturer in Madagascar. ‘Socolait’ is a heritage brand name in the country and has been present for decades. The company is specialized in the production of sweetened condensed milk, baby and infant powder (FARILAC), milk powder, and fresh dairy products, such as yogurts and cheeses, and snack products.

Madagascar Litchis Export

Acquisition in 2010
Madagascar Litchis Export (MLE) is a litchi export businesses located the port of Toamasina. Its activities consist of buying litchi fruit from collectors, processing the fruit, which includes the steps of calibration, selection, sulphurization, and finally packaging the fruit for export to European markets. During the harvest season, which lasts one month, MLE employs over 1,600 people and reaches a daily processing capacity of about 200 tons. MLE is Global GAP certified.

Newpack

Acquisition in 2008
Newpack is a leading manufacturer of corrugated packaging based in Madagascar, recognized as the largest cardboard mill in the South West Indian Ocean. With an annual production exceeding 20 million square meters, the company specializes in packaging solutions for various sectors, including agriculture, fish and meat, beverages, textiles, and personal care. Newpack offers a diverse range of products, including pizza and cake boxes, single-sided rollers, and waterproof covers, while also providing customization options to meet specific client packaging needs.

Le Louvre Hotel & Spa Antananarivo

Acquisition in 2006
Le Louvre Hotel and Spa Antananarivo operates as a 4-star hotel in downtown Antananarivo just 50 meters from the Presidential Palace.

Orange Madagascar

Acquisition in 2005
Orange Madagascar operates a cell phone network in Madagascar. From 2005 to 2010, the company became the market leader with more than 2 million subscribers and maintains a 60% share of the mobile phone market. Orange Madagascar also offers internet service for both individual and corporate customers and developed an undersea cable to connect Madagascar to the rest of the world.
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