Adenia Partners, a private equity fund management company in Africa, announced on Monday, June 21, that it has acquired a majority stake in Herholdt’s, one of South Africa’s leading distributors of low-voltage electrical and solar products. . The amount of the transaction was not disclosed.
This initiative aims primarily to strengthen the presence of the fund management company in the South African solar market.
“We are delighted to begin our trip to South Africa by investing in Herholdt’s, a growing company with an impressive corporate culture. As a responsible investor, we have been particularly attracted by the potential for a strong contribution to the Sustainable Development Goals (SDGs), and in particular to improve access to reliable and affordable energy ”, declared Florent de Boissieu, partner at Adenia.
For his part, Heine Herholdt, CEO of Herholdt’s said: “We are delighted to welcome Adenia as an investor and look forward to continuing our growth through their strategic guidance and unwavering approach to improving governance. The partnership is in perfect harmony with Herholdt’s ambitions to become a leader in the national market, while respecting the highest industrial and environmental standards ”
Founded in 2002, Adenia has successfully raised US $ 500 million through 4 funds. The structure has a proven track record of solid and consistent performance with 27 platform investments executed and 16 exits completed.
Present in Johannesburg, Cape Town, Bloemfontein, Kimberley and George, the Herholdt’s Group distributes major brands in electricity, lighting and renewables.
