Our impact approach focuses on improving the sustainability of operations and job quality and diversity in every portfolio company. We infuse a culture of strong ESG responsibility and mobilize employees to embed those values into the company, so that the ESG commitment lives on well beyond our investment.
Celebrate 20th anniversary of responsible investing for a sustainable Africa
Achieve 2X Flagship Fund status for Adenia (V)
Open new office in South Africa
Begin defining investee ‘theory of change’ during due diligences
Undertake comprehensive carbon footprint assessment with EcoAct
Become OPIM signatory
Open new office in Morocco
Close Adenia (IV) - €230m
Open new office in Kenya
Open new office in Côte d'Ivoire
Change brand name to Adenia Partners
Close I&P Capital (III) - €96m
Adopt Environmental and Social Management System (ESMS)
Open new office in Ghana
Implement Environmental and Social Plan (ESAP)
Close I&P Capital (II) - €37m
Open new office in Madagascar
Close first fund, I&P Capital (I) - €10m
Founded Adenia Partners’ predecessor, I&P Management, in Mauritius
Stéphane Bacquaert is a Managing Partner at Adenia, primarily focused on leading Adenia’s private equity activities in North and West Africa. He has 25 years’ experience as a private equity, venture capital and consulting professional.
Stéphane joined Adenia in 2019 from Wendel where he was Managing Director and CEO of Wendel Africa for 15 years. At Wendel, Stéphane led the IPO of Bureau Veritas (Euronext: BVI) where he has been a Board member for over a decade. He led the investment strategy of Wendel in Africa where the group invested over $1 billion in equity since 2013. He has also held board roles at IHS Holding (now listed on the NYSE), Tsebo Solutions Group, Saham Group (Saham Finances sold to Sanlam Africa) and PlaYce Africa (sold to CFAO), as well as Materis and Mecatherm in Europe.
Stéphane was previously Partner at Atlas Venture, an international venture capital fund with $2.5 billion under management. There, he specialized in new technologies, media and telecoms. Stéphane began his career at leading strategy consulting firm Bain & Company, where he conducted studies in the telecom, banking and private equity industry in Europe and Central America. He then co-founded and led NetsCapital, an investment bank specializing in TMT.
Stéphane currently sits on the Board of Directors of three Adenia’s portfolio companies: Syrse, Overseas Catering Services (OCS) and Eastcastle Infrastructure.
Stéphane graduated from École Centrale Paris (Master of Science & Engineering) and Institut d’Etudes Politiques de Paris. He earned an MBA from the Harvard Business School (Baker Scholar).
Lea is an Associate at Adenia. Based in Mauritius, she oversees investor relations and Environment, Social, Governance and Impact matters at Adenia. Lea previously worked at the intersection of sustainability, finance and startups as a Strategy Associate for Imagine (London) and as a Sustainability Analyst for Solar Impulse (Lausanne, Switzerland).
Lea holds a Master of Science degree in Sustainability Management from Columbia University and a Bachelor of Science degree in Environment and Development from the London School of Economics.
We are happy to share that our investment in Red Lands Roses PLC. won the Environmental Finance Impact project/investment of…
We're excited to announce that we've been selected to the ImpactAssets 50 2023! The #IA50 recognizes a diverse group of…
We are proud to announce that our fifth fund has been selected as a 2X Challenge Flagship Fund in recognition…