our portfolio
Mauvilac

Mauvilac is a leading paint, coatings, and chemical products manufacturer and marketer in Mauritius. The 50-year-old flagship brand is specialized in decorative paints (which include “Go Green”, the first range of environmentally-friendly paints in Mauritius), specialty paint and coatings for automotive and industrial use, as well as related products including glues and adhesives.

 

Mauvilac also distributes chemicals, primarily for the textile, construction, and cosmetics sectors. Mauvilac sells its products directly through three showrooms and, indirectly, through an extensive network of 1,000 hardware stores in Mauritius and the Indian Ocean region. The company’s ISO 9001-2008 certified factory is located in Pailles, Mauritius.

 

Sector: Painting
Location: Mauritius
Investment date: 2014
Deal type: Buyout


Kanu Equipment

Kanu Equipment is a pan-African distributor of earthmoving, mining, agriculture and construction heavy equipment. As one of the largest dealers for Liebherr and Bell Equipment in East, West and Southern Africa, Kanu has spare parts distribution centres across the continent.


Sector: Heavy equipment

Location: Pan African

Investment date: March 2018

Deal type: Growth capital


CBE

CBE was established in 2005 and is active in the production and distribution of sand and aggregates. Additionally CBE provides a wide range of construction services such as earthworks, civil engineering, de-rocking, dredging, landscaping, transport and handling, and demolition.

 

Sector: Construction
Location: Comoros
Investment date: 2005
Deal type: Growth capital


CEAL

CEAL is a company engaged in the rental of heavy equipment for agriculture and civil work operations. It is a pioneer in mechanical harvesting and de-rocking services in Mauritius. CEAL has expanded its rental activities to serve the earthworks and engineering sector. Recently, CEAL has expanded its services to offer full field management services to agricultural land owners.

Sector: Business services
Location: Mauritius
Investment date: 2009
Deal type: Buyout


Ciel

CIEL Ltd is a company listed on the Official Market of the Stock Exchange of Mauritius (SEM). It is the parent holding company of the CIEL group of companies, one of the leading industrial and investment groups based in Mauritius with operations in a number of African and Asian countries. CIEL employs c. 22,000 people in five businesses:

 

  • Agro-Industry and Property, including in particular the Alteo group, active in the sugar industry in Mauritius and Tanzania
  • Textile, with the Ciel Textile group, deployed across Mauritius, Madagascar, India and Bangladesh
  • Hotels & Resorts, consisting of the hospitality chains Sun Resort Ltd, Anahita The Resort and Constance Hotels Services Ltd based in in Madagascar, Maldives, Mauritius and Seychelles
  • Financial services, comprising bank and financial & management services companies in Madagascar and Mauritius
  • Healthcare, with a private clinic in Mauritius.

 

Sector: Diversified Holding
Location: Africa and Asia
Investment date: 2013
Deal type: Buyout


Execom

Execom was established in 2001 and is a leading call center in Mauritius, specialized in telemarketing and customer relationship management solutions. Execom has extensive experience in inbound and outbound operations and delivers value-added services in voice and high-end data operations, focused primarily on the French market.

 

Sector: BPO
Location: Mauritius
Investment date: 2003
Deal type: Buyout


CTL

CTL is knitwear, woven, and fine knits apparel manufacturer active in the Indian Ocean region. Its operations, which encompass 17 plants and over 17,500 employees, are vertically integrated from yarn spinning to finished products. In recent years CTL has developed its activities in Asia.

 

Sector: Textile
Location: Mauritius
Investment date: 2010
Deal type: Buyout


Expand Technology

Established in 1999, Expand Technology is a regional leader in the deployment of smartcard payment systems. Expand Technology delivers custom loyalty card, electronic purse, payment card, and fuel card management solutions to clients in a variety of industries and operates in over 14 countries.

 

Sector: Technology
Location: Mauritius
Investment date: 2004
Deal type: Buyout


Le Récif

Le Récif is a 3-star hotel with 70 rooms and offers a full range of amenities including a wellness center, a water sport center, children’s programs, and two restaurants. Prior to Adenia’s ownership the hotel was small 2-star hotel with 55 rooms operating under a different brand name. Through Adenia’s intervention, the hotel underwent an extensive refurbishment and rebranding process, and began operations under the ‘Le Récif’ name in 2008.

 

Sector: Hospitality
Location: Mauritius
Investment date: 2007
Deal type: Buyout


Mauritius Union

Mauritius Union Assurance (MUA) is an insurance company offering both general and life insurance products. Under Adenia’s ownership, MUA undertook two acquisitions, including the acquisition of La Prudence Mauricienne, another Mauritian insurer, propelling the company to become the market leader in general insurance. Mauritius Union Assurance is listed on the Stock Exchange of Mauritius (MUA:SEM).

Sector: Insurance
Location: Mauritius
Investment date: 2009
Deal type: Buyout


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