Adenia, a private markets investment firm in Africa, has sold 100% of its equity stake in Ademat to SPE Capital. Ademat provides the distribution, installation and maintenance of power security solutions in Côte d’Ivoire in a range of products such as generators, inverters, drive systems and other electric equipment. The company was established in 1983 and also provides technical solutions to the telecommunications, financial services, manufacturing, healthcare and hospitality sectors.

Adenia was established in 2002 to guide a new generation of founders and has raised $500m in agribusiness, manufacturing, financial services, ICT, telecommunications, hospitality and healthcare. Adenia has invested a minimum of €10-million in 25 growth companies and exited 16 investments at good returns.