News

Adenia acquires East Africa’s leading life sciences distributor


NAIROBI, Kenya, 1 June 2021


Adenia Partners, a private equity firm investing in Africa, today announced it has completed the acquisition of Africa Biosystems Limited (ABL), a leading distributor of life sciences and clinical diagnostics equipment in East Africa. Financial terms of the deal were not disclosed. 


Established in 1999, ABL is headquartered in Kenya with subsidiary offices in Uganda and Tanzania. The Company’s instruments are used to conduct research and diagnosis across the animal, human and crop sectors with product applications that span molecular, cell and protein biology and DNA forensics. ABL’s customers fall into various end markets including government and non-governmental organizations, academic institutions, and the private sector.


Adenia will work together with ABL to expand its operations in its core East African markets, with a focus on accelerating its installed base of scientific instruments. Adenia will also help ABL establish a new management structure as well as improve its systems and processes to better capture opportunities in the life sciences market.  


“At a time when the life sciences market in East Africa is expected to grow significantly due to rising healthcare needs, we are excited to invest in ABL, which has built a strong reputation in the region with its exemplary service and technical know-how,” said Martha Osier, Partner at Adenia. “We look forward to working together with the management team to capitalize on this growth, expand ABL’s customer base and take the business to the next level.”


“We are thrilled to welcome Adenia as an investor and look forward to our next phase of growth. With their trusted guidance, we plan to deepen our commitment to developing the regional markets, while boosting awareness of our products and their applications within East Africa’s life sciences sector,” said Yasmin Verjee, said Managing Director and co-founder of Africa Biosystems.


 

About Adenia

Adenia Partners is a private markets investment firm committed to responsible investing and a sustainable Africa. Founded in 2002, Adenia has successfully raised US$500 million across 4 funds. Adenia has a proven track record of strong and consistent performance with 26 platform investments executed and 16 realized exits. Based on the ground across Africa, Adenia has one of the most highly qualified African private markets investment teams in terms of educational pedigree, longstanding experience as entrepreneurs and investors, and local in-depth knowledge. By creating stronger companies with quality jobs, fostering economic improvement, and elevating companies to meet ESG standards, Adenia is increasing the enterprise value for investors, while benefiting workers, communities, and companies in Africa. For more information, please visit: www.adenia.com.


About ABL

Africa Biosystems Limited (ABL) is a distributor of state-of-the-art life sciences equipment and consumables for Eastern African markets. Our customers fall into four main categories: government, NGOs, academic and private sector. ABL with its unique service capabilities, is responsible for installation and after sales support for instruments sold to customers. For more information, please visit www.africabiosystems.com.


Media Contacts

For Adenia Partners

BackBay Communications

adenia@backbaycommunciations.com


Other News
  • Adenia Co-Leads Consortium Investment in Eastcastle Infrastructure

    The joint investment with AIIM and IFC will provide USD130m in funding to Eastcastle to support the company’s 

  • Adenia acquires leading distributor of electrical and solar equipment in South Africa

    Adenia Partners, a private equity firm investing in Africa, has acquired a majority stake in Herholdt’s

  • Adenia sells the leading provider of power security solutions in Côte d’Ivoire

    Adenia, a private markets investment firm in Africa, today announced that it has finalized the sale of its 100% equity stake in Ademat to SPE Capital.

Legal

Thank you for visiting Adenia Partners website. By using this website, you agree to abide by the following terms and conditions. If you do not accept these conditions, do not use this website. Adenia Partners may change this Privacy Policy and User Agreement from time to time, based upon any changes to our website and our users’ experience on it. If we make any substantial changes in this Agreement, we will post a prominent announcement on our home page.

 

User Agreement

 

Restrictions on Use:
Any person using this website is permitted to copy and print individual website pages for non-commercial purposes. Users may also copy or print minimal copies of any research or reports posted on the site solely for informational, non-commercial use. These copies must not alter the original website content, including all legal notices and legends. Our prior permission is required for (i) any commercial use of materials on this website; (ii) making more than minimal copies of website materials; and (iii) copying large portions of our website, such as by bots, robots or spyders that “harvest” the website.

 

Linking and Framing:
Please note that this Privacy Policy and User Agreement applies only to this website and not to other websites that may be accessible from this website via hyperlink. We are responsible only for the content of our own website. We encourage you to review the privacy policies and user agreements of all other websites that you visit.

 

Ownership:
All content included on this website, such as graphics, logos, articles and other materials, is the property of our organization or others and is protected by copyright and other laws. All trademarks and logos displayed on this website are the property of their respective owners, who may or may not be affiliated with our organization.

 

Submissions

 

Information Submitted to Adenia Partners:
Please do not send any information to Adenia Partners that constitutes a trade secret or is confidential or proprietary. Adenia Partners cannot agree to obligations of confidentiality or non-disclosure with regard to information submitted to us. By submitting information or materials to Adenia Partners, you and anyone acting on your behalf, agree that any such information or materials will not be considered confidential or proprietary. Adenia Partners is not obligated to review any information or materials sent to us, Adenia Partners reserves the right to reject information or materials in its sole discretion and Adenia Partners will be under no obligation to return any information or materials to you. It is possible that Adenia Partners will receive a number of similar plans and ideas; you understand that your idea may have previously been submitted to Adenia Partners and may be under our consideration. In no event will Adenia Partners be limited or restricted from pursuing any opportunities with others.

 

International Use:
Due to the global nature of the Internet, this website may be accessed by users in countries other than Mauritius. We make no warranties that materials on this website are appropriate or available for use in such locations. If it is illegal or prohibited in your country of origin to access or use this website, then you should not do so. Those who choose to access this site outside Mauritius do so on their own initiative and are responsible for compliance with all local laws and regulations.

 

Limitations of Liability:
We are not responsible for any damages or injury, including but not limited to special or consequential damages, that result from your use of (or inability to use) this website, including any damages or injury caused by any failure of performance, error, omission, interruption, defect, delay in operation, computer virus, line failure, or other computer malfunction. You acknowledge that we provide the contents of this website on an “as is” basis with no warranties of any kind. Your use of this website and use or reliance upon any of the materials on it is solely at your own risk.

 

Governing Law:
You agree that your use of this website, this Privacy Policy and User Agreement and any disputes relating to any of them shall be governed in all respects by the laws of Mauritus. Any dispute relating to the above shall be resolved solely in the state or federal courts located in Mauritius.


Mail Disclaimer
The privileged and confidential information contained in or attached to this electronic message transmission is exclusively addressed to you. In any case the content(s) of this message neither constitute an advice nor is binding in nature. I&P Management (Indian Ocean) Ltd, except to the extent that it relates to their official business, will not be liable for any prejudice suffered by you in reading the contents of this message. Bear in mind that if you are not the addressee and that you use, copy, print, forward, save, disclose, disseminate or circulate this message or its attachments, you will be acting in contravention with the law and thus be responsible for the consequences which may result. If you received this message in error, please notify the Sender by return email, facsimile or by any other means and remove entirely the message and its attachments from your system. The Company will not be liable for any loss, disruption or damage caused to your data or computer system whilst receiving this message.

Privacy

 

Privacy Notice:
Adenia Partners respects the privacy of the visitors to our website. We generally record certain usage information, such as the number and frequency of visitors to this website. This information may include the websites that you access immediately before and after your visit to our website, the Internet browser you are using, your IP address and the country you have accessed the site from. If we use such data at all, it will be on an aggregate basis, and we will not disclose to third parties any information that could be used to identify you personally.

 

Disclaimer Google Analytics:
This website uses Google Analytics, a web analytics service provided by Google, Inc. (“Google”). Google Analytics uses “cookies”, which are text files placed on your computer, to help the website analyze how users use the site. The information generated by the cookie about your use of the website (including your IP address) will be transmitted to and stored by Google on servers in the United States. Google will use this information for the purpose of evaluating your use of the website, compiling reports on website activity for website operators and providing other services relating to website activity and internet usage. Google may also transfer this information to third parties where required to do so by law, or where such third parties process the information on Google’s behalf. Google will not associate your IP address with any other data held by Google. You may refuse the use of cookies by selecting the appropriate settings on your browser. By using this website, you consent to the processing of data about you by Google in the manner and for the purposes set out above.


Privacy Policy
Click here