Adenia Capital (IV) Parallel LP (FMO-50358)

Regions
  • Africa
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 31, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Adenia Partners Ltd.
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 5.95 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 5.00 MLN
Converted using 2017-12-25 exchange rate.
Bank Documents
Primary Source

Original disclosure @ FMO website

Updated in EWS Apr 9, 2018


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Project Description

WHO IS OUR CLIENT

Adenia Capital IV will be the fourth fund to be managed by Adenia Partners Ltd. Adenia Capital IV will be a generalist PE fund making control investments in SMEs in underserved PE markets (Indian Ocean and West Africa).

FUNDING OBJECTIVE

The Fund provides scarce, high risk capital and hands-on support to SMEs in low income countries (including post-conflict countries); as a result of their majority/hands-on approach, Adenia creates impact on employees via job and wealth creation; and on environmental and social (E&S) via active involvement in improving (and driving) the ESG management system of its investee companies.

WHY WE FUND THIS PROJECT

Adenia IV provides an opportunity to back a strong, locally based and experienced fund manager with a proven track record (both financial and developmental) in the SME and smaller corporate segment. Its strategy of majority ownerships allows Adenia to access a unique set of opportunities (virtually no competition from other fund managers; proprietary deal flow) as well as to apply an active/hands-on investment approach as they aim to drive the operational, ESG and exit agendas in portfolio companies. This strategy has proven to be a success in creating value and promoting ESG best practices among portfolio companies.

Investment Description
  • Netherlands Development Finance Company (FMO)
Contact Information

FMO
South Africa
+27 11 507 2500
joburg-office@fmo.nl

 

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism.