Adenia Partners, a private equity firm incorporated in Mauritius, has sold its entire stake in Omoa Group to SPE Capital. The announcement was made on Wednesday, August 7, 2024.
Final Exit from Adenia Capital III Fund
This sale marks the eighth and final exit from Adenia Capital III, a €96 million fund launched in 2012. “We are delighted to proceed with the final exit from our third fund,” commented Christophe Scalbert, Partner at Adenia.
Strategic Value Creation Initiatives
This exit comes 12 years after the initial investment in Omoa Group, an integrated payment service provider. Adenia claims to have “implemented a series of strategic value creation initiatives to evolve Omoa’s business model towards higher value-added services.”
Omoa’s Future Growth with SPE Capital
Active in 11 countries in West and Central Africa, Omoa will rely on its new shareholder to support its development plans.
Led by Nabil Triki, SPE Capital is making its first investment through its third pan-African fund, SPE Private Equity Fund III. This vehicle, which invests in mid-cap companies, targets a size of $350 million for 8 to 12 investments in various sectors across the continent.