M&A Deal Summary

Adenia Partners Acquires Newpack

On April 23, 2018, private equity firm Adenia Partners acquired packaging company Newpack

Acquisition Highlights
  • This is Adenia Partners’ 1st transaction in the Packaging sector.
  • This is Adenia Partners’ 1st transaction in Madagascar.

M&A Deal Summary

Date 2018-04-23
Target Newpack
Sector Packaging
Buyer(s) Adenia Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Newpack

Antananarivo, Madagascar
Newpack is a corrugated cardboard packaging company. The company carries out the full production process in-house, including the transformation of paper and recycled materials into corrugated cardboard, cutting and shaping into boxes and printing. It distributes them in Madagascar and the Indian Ocean region. Newpack was founded in 1989 and is based in Antananarivo, Madagascar.

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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 5 of 14
Sector: Packaging M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 12
Country: Madagascar M&A 1 of 1
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-22 Kanu Equipment

Johannesburg, South Africa

Kanu Equipment is a pan-African heavy equipment dealer, lessor and maintenance service provider. Kanu’s subsidiaries operate in 13 countries throughout Southern, Eastern & Western Africa. Kanu Equipment is among the biggest dealers for Bell Equipment and Liebherr. Kanu Equipment was founded in 2012 and is based in Johannesburg, South Africa.

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FOLLOWING 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.

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