ADENIA PARTNERS LTD
Status: Completed investmentWhy disclosure?
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Disclaimer
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
I&P Capital III (I&P III) is a generalist private equity fund making control investments (>51% either alone or together with management) in SMEs in the Indian Ocean (Madagascar, Mauritius, Comoros) and West Africa (Ghana, Ivory Coast) regions. I&P III will be managed by Adenia, the rebranded name of I&P Management, a reputable fund manager active in the region since 2003.
What is our funding objective?
The CD funding will be used to support Socolait, one of the investees from I&P Capital III specialized in dairy products, snacks and juices. The objective of this CD project is to implement a Food Safety Management System at Socolait and to work with existing local producers and help them to structure their organization and processes.
Why do we fund this investment?
This project is very relevant to FMO's business and strategy. Particularly, I&P III’s strategy combines its knowledge and networks of its locally based teams, partnership with local entrepreneurs/management teams and an active/hands-on investment approach to promote SME growth and best practices in ESG.
More investments
| Date | Total FMO financing |
|---|---|
| 12/12/2022 | EUR 0.20 MLN |
| 8/14/2018 | EUR 0.04 MLN |
- Region
- Africa
- Country
- Madagascar
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 9/18/2013
- End date
- 8/3/2017
- Total FMO financing
- EUR 0.10 MLN
- Funding
- FMO NV