Abidjan, Ivory Coast, April 30, 2021
Ending a sale process led for several months by KeysFinance Partners on behalf of the Private Equity fund Adenia, the Ivorian company Ademat, leading provider of power security solutions, was sold to SPE Capital Partners. The transaction was finalized on Thursday, April 29, 2021.
Founded in Abidjan in 1983, Ademat is the leading provider of power security solutions in Côte d’Ivoire. It provides a wide range of technical solutions for companies in various industries, including telecommunications, financial services, manufacturing, healthcare, and hospitality.
This is the first transaction in Sub-Saharan Africa for SPE Capital Partners, the Private equity firm which has just completed a $250 million fundraising.
Despite an economic context disrupted by the uncertainties related to Covid-19, KeysFinance Partners succeeded in attracting numerous expressions of interest from strategic and financial investors during the divestiture process, thus illustrating the attractiveness of the Ivorian market for international investors and the ability of KeysFinance Partners to successfully complete such transactions in the region.
Jean-Michel Ette, Partner, KeysFinance Partners ” We are very happy to have benefited from the confidence of an institutional player such as Adenia in the context of this operation, which illustrates KeysFinance Partners’ ambition to position itself as the reference M&A advisory firm for both companies and investors in the region “.