Adenia sells 100% equity stake in OMOA Group to SPE Capital

Adenia, a prominent private equity firm focusing on growth opportunities in Africa, has successfully completed the sale of its 100% equity stake in OMOA Group to SPE Capital, a private equity firm with a focus on the Middle East and Africa. The acquisition marks a significant milestone in the African private equity landscape, showcasing the robust growth potential and investment opportunities on the continent. In a recent interview with CNBC Africa, Alexis Caude, Managing Partner at Adenia, provided insights into the acquisition and the firm's future growth plans. Caude highlighted the substantial growth of OMOA Group during Adenia's investment period, emphasizing that the exit multiple achieved surpasses the average exit multiple of Adenia's history. While refraining from commenting on specific exit valuations, Caude expressed confidence in the successful outcome of the sale. Adenia's strategic approach of majority investments, acquiring between 51% to 100% of businesses, enables the firm to drive value creation and maintain control over the exit process, mitigating external market risks such as elections and currency fluctuations. With a focus on enhancing operational efficiency and growth prospects, Adenia remains optimistic about the financial services sector's trajectory in Africa. Despite the sale of OMOA Group, a leading player in the payment industry, to SPE Capital, Adenia foresees continued expansion opportunities in the sector driven by digitization and increasing demand for payment solutions. Caude emphasized the evolving nature of OMOA's business from ATM services to payment processing and card personalization, reflecting the broader trend of digital payments adoption across the continent. Looking ahead, Caude shared his positive outlook on the future of private equity in Africa, citing abundant investment opportunities and the industry's potential to deliver strong returns while contributing to positive socio-economic impact. He underscored the importance of sustainable investing practices, including a focus on climate considerations, to ensure long-term growth and value creation. In a dynamic market environment characterized by evolving sector trends and macroeconomic challenges, Adenia remains committed to pursuing high-impact investments that drive growth and innovation across various African regions. As the private equity landscape in Africa continues to evolve, firms like Adenia are poised to play a pivotal role in unlocking new opportunities and driving sustainable development across the continent.