Adenia V Fund Makes Inaugural Investment in Enfin
Adenia Partners, a private equity firm specializing in responsible African investment, has completed its initial investment in Enfin. This move is the debut investment from Adenia’s fifth flagship fund, aptly named “Adenia V.”
Adenia’s investment in Enfin comes at a crucial juncture as South Africa grapples with a deepening energy crisis. South Africa’s Reserve Bank predicts a staggering 250 days of power blackouts in 2023, translating into an economic loss exceeding $13 billion.
Enfin aims to alleviate this crisis by fostering affordable and reliable access to electricity for South Africans. The company focuses on supporting:
- Smart businesses
- Farms
- Schools
- Sectional titles in their pursuit of cleaner
- Sustainable energy sources
Enfin enables clients to achieve sustainability goals without capital expenditure by funding, maintaining, and insuring solar solutions. The goal is to develop and operate over 100MW of solar assets, potentially saving over 200,000 metric tons of CO2 emissions annually.
Adenia is collaborating with Heine Herholdt, a renowned South African solar sector. This partnership capitalizes on the success of their previous collaboration with Herholdt, a leading solar equipment importer and distributor in South Africa. Herholdt’s deep commercial and industrial solar sector expertise will unquestionably strengthen the initiative.
Vision for a Sustainable Future
Florent de Boissieu, Partner at Adenia, expressed his enthusiasm, stating,
“Enfin’s vision to create a better future, emphasizing people, planet, and profit, perfectly aligns with our proven strategy to make a sustainable impact while delivering financial returns.”
Werner Loftus, CEO of Enfin, echoed this sentiment, saying,
“We are thrilled to join forces with Adenia Partners, whose track record in sustainable investing speaks for itself. With Adenia’s support and guidance, we will accelerate the reach of our funding solutions, supporting full independence from unreliable grid energy.”
Adenia’s Commitment to Sustainable Impact
Adenia V, Adenia’s fifth flagship fund, is poised to exceed its $400 million target fundraising. The fund’s strategy focuses on making control investments in medium-sized African companies with proven business models and room for operational and ESG enhancements. A key priority for the fund is driving climate action across Africa through carbon reduction targets and a commitment to carbon neutrality by 2027 at the firm level.
As Adenia Partners continues to pave the way for responsible investing in Africa, its commitment to fostering sustainable growth and reducing environmental impact remains steadfast.
