M&A Deal Summary

Adenia Partners Acquires Quick Mart

On September 8, 2019, private equity firm Adenia Partners acquired retailer Quick Mart

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

M&A Deal Summary

Date 2019-09-08
Target Quick Mart
Sector Retail
Buyer(s) Adenia Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

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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Buyer(S) 1

Buyer

Adenia Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION


DEAL STATS #
Overall 6 of 14
Sector (Retail) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 6 of 13
Country (Kenya) 1 of 3
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-23 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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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 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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