Buyout (LBO, MBO, MBI) • Distribution

Adenia Partners Acquires Proximed

On November 1, 2021, private equity firm Adenia Partners acquired distribution company Proximed

Acquisition Context
  • This is Adenia Partners’ 4th transaction in the Distribution sector.
  • This is Adenia Partners’ 1st transaction in Mauritius.

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M&A Deal Summary

Date November 1, 2021
Target Proximed
Sector Distribution
Buyer(s) Adenia Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Proximed

Port-Louis, Mauritius
Proximed is a medical solutions distributor. The company has operations in Mauritius (main market, c.80% of sales), Madagascar, and other neighboring islands. It provides the full spectrum of medical goods & services, with a leading position in Laboratory and Life sciences. The company represents recognized brands such as Thermo-Fisher Scientific, Abbot and Sysmex. Proximed was founded in 2012 and is based in Port-Louis, Mauritius.
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Buyer Overview 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 Context for Buyer #
Overall 11 of 14
Sector: Distribution 4 of 4
Type: Buyout (LBO, MBO, MBI) 9 of 12
Country: Mauritius 1 of 1
Year: 2021 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-13 Red Lands Roses

Ruiru, Kenya

Red Lands Roses is a grower of premium roses, including the popular Spray roses. The farm produces approximately 16 million fresh-cut roses for sale annually and grows almost 200 varieties of roses in its catalogue. The company’s flowers are cultivated utilizing a 100% hydroponic system with 100% water recycling, a sophisticated Integrated Pest Management (IPM) and is powered by green energy. The company sells exclusively to wholesalers, predominantly serving markets in Western and Central Europe. Red Lands Roses was founded in 1996 and is based in Ruiru, Kenya.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-26 Overseas Catering Services

Casablanca, Morocco

Overseas Catering Services is a catering and other services provider. OCS offers corporate catering services under the brand “Ansamble” to more than 180 clients across five countries: Morocco, Côte d’Ivoire, Senegal, Mauritania, and UAE. In addition to its core catering services, the company offers cleaning services. Overseas Catering Services was founded in 2009 and is based in Casablanca, Morocco.

Buy -