Debevoise & Plimpton LLP has advised Adenia Partners (“Adenia”), a leading private equity firm focused on growth opportunities in Africa, in the successful close of its fifth fund, Adenia Capital V, at its $470 million hard cap.

The fund, which was oversubscribed, attracted commitments from new and existing investors globally. It will continue Adenia’s long-term strategy of making control investments in medium-sized companies across Africa with proven business models that demonstrate ample room for operational and ESG improvements.

For full details, see the official release here.

The Debevoise team advising Adenia was led by partner Matthew Dickman, and included partner Geoffrey Kittredge, international counsel Jin-Hyuk Jang, and associates Eric Olmesdahl and Rachel Stables. Tax advice was provided by partner Matthew Saronson, international counsel Patrick Fasoro, and associate Chiemeka Onwuanaegbule.