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M&A Deal Summary

Adenia Partners Acquires Africa Biosystems

On June 1, 2021, private equity firm Adenia Partners acquired distribution company Africa Biosystems

Acquisition Highlights
  • This is Adenia Partners’ 1st transaction in the Distribution sector.
  • This is Adenia Partners’ 2nd transaction in Kenya.

M&A Deal Summary
Date 2021-06-01
Target Africa Biosystems
Sector Distribution
Buyer(s) Adenia Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Africa Biosystems

Nairobi, Kenya
Africa Biosystems is a distributor of state-of-the-art life sciences equipment and consumables for Eastern African markets. The Company’s instruments are used to conduct research and diagnosis across the animal, human and crop sectors with product applications that span molecular, cell and protein biology and DNA forensics. ABL’s customers fall into various end markets including government and non-governmental organizations, academic institutions, and the private sector. Africa Biosystems was founded in 1999 and is based in Nairobi, Kenya.

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Buyer(S) 1

Buyer

Adenia Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
PE ASSETS 880M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Adenia Partners is a private equity firm dedicated to responsible, control?oriented investments in mid?market companies across Africa. Adenia Partners was founded in 2002 and is headquartered in Mauritius.

DEAL STATS #
Overall 7 of 14
Sector: Distribution M&A 1 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 12
Country: Kenya M&A 2 of 3
Year: 2021 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-08 Quick Mart

Nairobi, Kenya

Quick Mart is a fresh foods and supermarket retailer. Quick Mart operates +50 branches in 14 counties across Kenya with a total workforce of 5,000+ employees. Its stores provide a comprehensive selection for everyday groceries, household toiletries, and consumable goods. Quick Mart was founded in 2006 and is based in Nairobi, Kenya.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-21 Herholdt’s Group

Bloemfontein, South Africa

Herholdt’s Group is a distributor of low voltage electrical products and solar products. The company supplies a broad product portfolio of 10,000+ items to professionals – such as installers, contractors and resellers – as well as end-users. Herholdt’s Group was founded in 1964 and is based in Bloemfontein, South Africa.

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