Member Case Study | Adenia Partners Portfolio Company: Herholdt's 

Herholdt’s is a family business established in Bloemfontein, South Africa, in 1964. Originally focused on the sale of low voltage electrical equipment, including cabling, switches and lighting, Herholdt’s successfully diversified into the distribution of solar energy installations. After ~60 years in the business, Herholdt’s founders were exploring a sale in 2021. Impressed by the company’s growth and development impact potential, Adenia partnered with the second-generation family members, who had been running the business for more than 5 years, to buy out the founders.

Adenia Partners is a private markets investment firm committed to responsible investing and a sustainable Africa. Founded in 2002, Adenia has a proven track record with 31 platform investments executed and 17 realized exits. Based on-the-ground across Africa, Adenia has one of the most highly qualified African private markets investment teams in terms of educational pedigree, longstanding experience as entrepreneurs and investors, and local in- depth knowledge. By creating stronger companies with quality jobs, fostering economic improvement, and elevating companies to meet ESG standards, Adenia is increasing the enterprise value for investors, whilst benefiting workers, communities, and companies in Africa.