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Key Points
- Adenia Partners expands its pan-African presence with a new office in Egypt, marking its eighth location on the continent.
- Heba Hakky appointed as principal to spearhead Adenia’s investment initiatives in Egypt, leveraging her 16 years of experience in private equity.
- The expansion follows the oversubscribed closing of Adenia Capital V, signaling strong investor interest in the firm’s initiatives across Africa.
Adenia Partners, a leading African-focused private equity firm led by Mauritius-based businessman Antoine Delaporte, has extended its footprint in North Africa by establishing a new office in Egypt.
This marks the firm’s eight location across the continent and underscores its commitment to responsible investing and sustainable development in Africa.
To lead its operation in Egypt, Adenia has appointed Heba Hakky as principal. She will lead the firm’s origination efforts in a rapidly evolving investment landscape. The expansion follows the successful closing of Adenia Capital V in April, its first pan-Africa fund, which was oversubscribed and indicative of robust investor interest in its initiatives.
Adenia bolsters Egypt presence with experienced hire
Adenia’s strategic choice of Egypt aligns with the country’s vibrant economic environment, characterized by a sizable consumer base and ample opportunities across various sectors. Previously, the firm opened its Moroccan office in 2021, underscoring its proactive approach to regional growth.
“Egypt is one of the continent’s largest economies, offering remarkable investment potential,” said Stephane Bacquaert, managing partner at Adenia Partners. “The country boasts a growing consumer base, a young, educated workforce, and a stable economic climate, creating a wealth of fast-growing business opportunities, particularly in consumer goods, healthcare, education, and financial services.”
Heba Hakky brings over 16 years of extensive experience in private equity, corporate investments, and financial services. Her background includes senior roles at Actis, Ezdehar Management, and Shari Holding, as well as serving as Managing Director for a tech-enabled lender in Egypt and Jordan.
“We are thrilled to welcome Heba to our team as we expand our operations in Egypt,” Bacquaert added. “Her extensive network and deep understanding of the local market will be instrumental in executing our proven investment strategy.”
Delaporte's Adenia Partners makes its mark
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 $950 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.
In a recent strategic move, Adenia Partners completed the sale of its 100-percent stake in OMOA Group to SPE Capital, marking a significant milestone in its €96-million ($106 million) Adenia Capital III fund. Additionally, the acquisition of Air Liquide’s operations further solidifies Adenia’s role as a catalyst for economic development across the continent.
