With the Quick Mart-Tumaini merger, Adenia seeks to become Kenya’s third largest grocer
In less than eleven months, Adenia Partners – the private equity firm which focuses on sub-Saharan Africa – has invested in two convenience store companies in Kenya which it intends to merge in order to build synergies.
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▪ With the Quick Mart-Tumaini merger, Adenia seeks to become Kenya’s third largest grocer
▪ In less than eleven months, Adenia Partners – the private equity firm which focuses on sub-Saharan Africa – has invested in two convenience store companies in Kenya which it intends to merge in order to build synergies.
▪ https://www.africabusinessplus.com/en/799035/with-the-quick-mart-tumaini-merger-adenia-seeks-to-become-kenyas-third-largest-grocer/
Both transactions were carried out by Adenia Capital IV, which has assets of €230m ($254m) under management and in which the UK’s CDC Group invested €13.5m ($14.9m) in 2016. Adenia Partners holds total assets of $400m under management in two funds, including Adenia Capital III.
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