Consumer goods & Retail
With the Quick Mart-Tumaini merger, Adenia seeks to become Kenya’s third largest grocer

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.

http://www.jeuneafriquebusinessplus.com/en/799035/with-the-quick-mart-tumaini-merger-adenia-seeks-to-become-kenyas-third-largest-grocer/

15/10/2019 at 18h05, by Jeune Afrique Business+, updated 22/10/2019

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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