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

93% of institutional investors in @AVCA_Africa new report can back generalist funds, while only 7% seek investments… https://t.co/zzcFwUwQBB

88% of institutional investors have a co-investment strategy for Africa, while 72% can make direct investments in t… https://t.co/P5eIRtBmSn

In @AVCA_Africa 2019 Investor Report, we asked 75 investors, who collectively manage US$4bn AUM in Africa, on their… https://t.co/qYBbrUNfZF

@AVCA_Africa is pleased to be a supporter of SAVCA first Venture Capital conference. Highly acclaimed American auth… https://t.co/jChpFX8t2Z

93% of institutional investors in @AVCA_Africa new report, seek to invest in growth equity, while 63% can commit to… https://t.co/vgmHGvjeXY

;