Investment Summary

Adenia Partners Invests In Kanu Equipment

On March 22, 2018, private equity firm Adenia Partners invested in machinery company Kanu Equipment from Phatisa Group

Investment Highlights
  • This is Adenia Partners’ 1st transaction in the Machinery sector.
  • This is Adenia Partners’ 1st transaction in South Africa.

Investment Summary

Date 2018-03-22
Target Kanu Equipment
Sector Machinery
Investor(s) Adenia Partners
Sellers(s) Phatisa Group
Deal Type Stake Purchase

Target

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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Investor(S) 1

Investor

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 4 of 14
Sector: Machinery M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 2
Country: South Africa M&A 1 of 4
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-29 Cresta Paint Industries

Accra, Ghana

Cresta Paint Industries is a paint manufacturer. The company specialises in producing polyurethane paints, polyurethane clears, hardeners, thinners, adhesives, and associated goods. Cresta Paint Industries was founded in 2002 and is based in Accra, Ghana.

Buy -
FOLLOWING 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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Seller(S) 1

SELLER

Phatisa Group

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 216M USD
Size Small
Type Sector Focused
DESCRIPTION

Phatisa is an African private equity fund manager that invests across the food value chain with a focus on creating returns as well as meaningful, positive social impact in sub?Saharan Africa. Phatisa Group was formed in 2005 and is based in Bambou, Mauritius.


DEAL STATS #
Overall 1 of 2
Sector: Machinery M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: South Africa M&A 1 of 2
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-14 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-19 Artcaffe Coffee & Bakery

Nairobi, Kenya

Artcaffe Coffee & Bakery is a restaurant group consisting of multiple brand concepts throughout Kenya. The individual brands comprising the group are: Artcaffé Coffee and Bakery, Dormans Coffee shops, Ohcha Noodle Bar, Urban Burger Bar, and Tapas Ceviche Bar. Artcaffe Coffee & Bakery is based in Nairobi, Kenya.

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