Adenia exits Newpack

27 Oct 2015

Port Louis, Mauritius, September 2015: Adenia Partners, a private equity fund manager focused on growth opportunities and mid-cap buyouts in Sub-Saharan Africa, has exited its investment in Newpack, a corrugated cardboard packaging company in the Indian Ocean region.

The exit was achieved through a management buy-out. Despite a challenging political and macroeconomic environment during the holding period, Newpack achieved outstanding performance thanks to strong partnership with management, continued product innovation, development of exports, as well as a number of ESG initiatives aimed at driving additional efficiency and cost reduction. In total, these efforts enabled the fund, Adenia Capital (II), to achieve a strong multiple on capital invested, 3.0x in euro-terms.

« Back to Member News

RT @Africa_PE_News: "Seen from an Asian perspective, Africa’s demographic potential is unparalleled. However seizing the demographic divide…

RT @AfricaGlobFunds: Agri-Vie Fund II closes at $146m #agribusiness #food #funds #Africa #SouthAfrica #fundraising #privateequity @SAVCAsso…

RT @AfCDigest: AfricInvest ups its stake in Kenyan insurance group Britam. Now owns a little over 17% of the NSE-listed company. @AfricInve…

Congratulations to the new co-Chairs of @AVCA_Africa’s Legal and Regulatory Committee: Geoffrey Burgess, Partner,… https://t.co/LcdPWnfloh

RT @Africa_PE_News: QUOTE OF THE WEEK: "I believe that long-term financial sustainability is non-negotiable for any impact investment if w…

;