SPE Capital, a private equity firm focused on Africa and the Middle East, has purchased Ademat from Adenia, a private markets investment firm in Africa. Ademat is a provider of power security solutions in Côte d’Ivoire. It provides a wide range of technical solutions for companies in various industries, including telecommunications, financial services, manufacturing, healthcare and hospitality.
“We are proud to have played an important role in the successful transformation of Ademat from a traditional family-run business to a modern company,” said Christophe Scalbert, partner at Adenia. “Our exit reinforces the strength of Adenia’s approach to create long-term and sustainable value through the modernization of governance, operational standards and infrastructure and the provision of quality of employment. We wish the Ademat team every onward success and are confident they will go from strength to strength with the support of SPE.”
“Adenia’s guidance and strategic input have been instrumental to the success of our ambitious modernization plan,” said Ademat CEO Christophe Giovacchini. “Over the last four years, we have strengthened our market positioning, enhanced our organization and improved our financial profile. We would like to thank the Adenia team for its continued support and we look forward to embarking on the next phase of our journey together with SPE.”
“We are excited to invest in Ademat and build on the momentum created over the last few years to seize new growth opportunities,” said Stéphane Heuzé, managing partner at SPE. “We are looking forward to working closely with the management team to support strategic initiatives and help the company to further improve governance, enhance its product offering, enter new regions and continuously strive for Ademat customers’ satisfaction.”
Adenia Partners was advised by KeysFinance Partners (financial advisor), Asafo & Co (legal lead advisor), Deloitte (financial advisor), Mondon Conseil International (legal and tax advisor). SPE Capital was advised by Gide Loyrette Nouel (legal lead advisor), Michael Carter (commercial advisor), KPMG (financial and tax advisors), Environmental Resources Management (ESG advisor), and BLC Roberts & Associates (legal advisor).