SPE Capital has acquired a 100% equity stake in Ademat, a leading provider of power security solutions in Côte d’Ivoire, from Adenia, aiming to leverage the company's growth potential and operational improvements.

Target Information

SPE Capital, a prominent private equity firm focused on investments in Africa and the Middle East, has successfully acquired a 100% equity stake in Ademat from Adenia, a private markets investment firm operating in Africa. Established in 1983 in Abidjan, Ademat has positioned itself as the leading provider of power security solutions within Côte d’Ivoire. The company offers diverse technical services across multiple sectors, including telecommunications, financial services, manufacturing, healthcare, and hospitality.

Since its acquisition by Adenia in September 2016 via the Adenia Capital (III) fund, Ademat has undergone a significant transformation. Adenia has implemented strategic initiatives that have expanded Ademat's product range and market presence. Notable operational enhancements include the introduction of new management tools and technologies, the construction of a custom-built headquarters, and the execution of a comprehensive ESG action plan, establishing Ademat as a provider of best-in-class services in Côte d'Ivoire.

Industry Overview

Côte d’Ivoire's energy sector plays a vital role in the country’s economic growth and development. The demand for reliable power solutions has surged, driven by increased industrialization and urbanization, creating a robust market for