Adenia Partners, a renowned African-focused private equity firm run by Mauritius-based businessman Antoine Delaporte, has sold its entire share in OMOA Group to SPE Capital. The recently completed acquisition signals Adenia’s final exit from its €96 million ($106 million) Adenia Capital (III) fund, which has now been entirely liquidated.
Adenia bought OMOA Group, a leading provider of payment solutions in West and Central Francophone Africa, in 2012. Adenia performed significant enhancements throughout the last decade, propelling OMOA to the forefront of the regional payment solutions market.
Since acquiring OMOA, Adenia Partners has launched many steps to improve the company’s services, including the development of a cutting-edge processing and card personalization center in Lomé, Togo. The company also improved OMOA’s ATM products, boosted maintenance capabilities, and implemented an Environmental, Social, and Governance (ESG) action plan.
“Our journey with OMOA epitomizes what Adenia delivers through its majority ownership strategy: strong value creation through strategic repositioning, bold investment strategies, and firm alignment with all stakeholders,” Christophe Scalbert, a partner at Adenia, stated. “We are confident that SPE Capital will provide valuable support for OMOA’s talented teams as the company enters its next growth phase.”
This is the first investment by SPE Capital’s newly established private equity fund, SPE PEF III, LP. Stephane Heuze, managing partner at SPE Capital, expressed excitement about the acquisition, saying, “We are looking forward to contributing to further enhance OMOA’s leadership position in the region and execute on its transformational growth plans.”
Adenia Partners, founded in 2002 by Antoine Delaporte, has grown to become Africa’s premier private equity firm. With more than 30 successful investments and $880 million secured over five funds, the firm has a proven track record.
Delaporte, a seasoned entrepreneur who previously founded three successful clothing firms in Madagascar, continues to drive Adenia’s expansion. Under his guidance, the firm has established offices in seven African countries.
Adenia’s recent sale of OMOA Group to SPE Capital and acquisition of Air Liquide’s activities demonstrate the company’s strategic investment approach and involvement in driving economic growth across the continent.
