Table of Contents
Key Points
- Adenia Partners exits OMOA Group, selling 100% stake to SPE Capital, marking the final exit from its €96-million ($106 million) Adenia Capital (III) fund.
- Adenia’s strategic upgrades, including new processing centers and enhanced ATM services, positioned OMOA as a regional leader in payment solutions.
- SPE Capital’s acquisition of OMOA marks its first investment from its new private equity fund, SPE PEF III, LP.
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 Adenia’s €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 region’s payment solutions market.
SPE Capital acquires OMOA, Adenia exits after successful investment
Since acquiring OMOA, Adenia Partners executed several initiatives to strengthen the company’s services, including the establishment of a state-of-the-art processing and card personalization center in Lomé, Togo. The firm also enhanced OMOA’s 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 OMOA’s talented teams as the company enters its next growth phase.”
This transaction is the first investment from SPE Capital’s 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.”
Adenia Partners: Two decades of African private equity success
Founded in 2002 by Antoine Delaporte, Adenia Partners has become a leading force in private equity in Africa. With a history of more than 30 successful investments and $880 million secured across five funds, the firm has demonstrated a strong track record.
Delaporte, a seasoned entrepreneur who previously built three thriving clothing companies in Madagascar, continues to propel Adenia’s growth. Under his leadership, the firm has expanded its footprint with offices in seven African countries.
Adenia’s recent sale of its 100-percent stake in OMOA Group to SPE Capital underscores its strategic investment approach, while the acquisition of Air Liquide’s operations further solidifies its role as a catalyst for economic growth across the continent.
