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.

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