Adenia Partners, a private equity firm investing in Africa, has acquired a majority stake in Herholdt’s, a distributor of low voltage electrical products and solar products in South Africa.
“We are delighted to begin our South African journey by investing in Herholdt’s, a fast-growing business with an impressive corporate culture,” said Florent de Boissieu, partner at Adenia. “As a responsible investor, we were particularly attracted by the potential for high contribution to the SDGs, and specifically to improve access to reliable and affordable energy. We are pleased to continue our pan-African expansion with our newest office in Johannesburg, as we believe the on-the-ground presence of our team is instrumental in actively supporting our investees.”
“We are thrilled to welcome Adenia as an investor and look forward to continue our growth with their strategic guidance and steadfast approach to improving governance,” said Heine Herholdt, CEO of the company. “The partnership is in perfect alignment with Herholdt’s ambitions to become a national market leader, while meeting the highest industry and environmental standards.”
The main advisors on the deal were Andrew Bahlmann and Nicolas Souvaris, from Deal Leaders International.