Antoine Delaporte's Adenia Sells African Payment Firm To Spe Capital

Adenia Partners, a leading African-focused private equity firm led by Mauritius-based businessman Antoine Delaporte, has completed the sale of its 100-percent stake in OMOA Group to SPE Capital. The acquisition, finalized recently, marks the final exit from Adenias 96-million ($106 million) Adenia Capital (III) fund, which is now fully liquidated.

OMOA Group, a key provider of payment solutions in West and Central Francophone Africa, was acquired by Adenia in 2012. Over the past decade, Adenia implemented strategic upgrades that positioned OMOA as a leader in the regions payment solutions market.

Since acquiring OMOA, Adenia Partners executed several initiatives to strengthen the companys services, including the establishment of a state-of-the-art processing and card personalization center in Lom, Togo. The firm also enhanced OMOAs ATM offerings, expanded maintenance capabilities, and improved governance through an Environmental, Social, and Governance (ESG) action plan.

Our journey with OMOA epitomizes what Adenia delivers through its majority ownership strategy: strong value creation through strategic repositioning, bold investment strategies, and firm alignment with all stakeholders, said Christophe Scalbert, partner at Adenia. We are confident that SPE Capital will provide valuable support for OMOAs talented teams as the company enters its next growth phase.

This transaction is the first investment from SPE Capitals newly raised private equity fund, SPE PEF III, LP. Stephane Heuze, managing partner at SPE Capital, expressed enthusiasm for the acquisition, stating, We are looking forward to contributing to further enhance OMOA's leadership position in the region and execute on its transformational growth plans.