With a presence on the continent for over 90 years, 1,600 employees and 700 million euros invested in the last three years, Air Liquide is a major industrial and medical gas player in Africa.
Air Liquide completed the sale of its shareholdings in 12 subsidiaries across West Africa, Central Africa, and the Indian Ocean to Adenia IV, a private equity fund managed by Adenia Partners. With this acquisition, Adenia establishes itself as a leading player in the industrial gases sector in sub-Saharan Africa under a new brand, Erium. Erium now holds leading or significant market positions in Benin, Burkina Faso, Cameroon, Congo, Côte d’Ivoire, Gabon, Ghana, Madagascar, Mali, the Democratic Republic of Congo, Senegal, and Togo. This African private equity investment provides the foundation for a pan-African industrial gases platform, preserving operational continuity while unlocking the capital required for long-term growth. . As part of the transaction, Air Liquide will retain an operational relationship with the divested entities through long-term supply agreements and technical support partnerships with Adenia.
About Air Liquide
Air Liquide is a global leader in gases, technologies, and services for the industrial and healthcare sectors. Operating in 60 countries, the Group employs over 65,000 people and generates more than €27 billion in revenue. Since its founding in 1902, Air Liquide has specialized in essential molecules such as oxygen, nitrogen, and hydrogen, which are fundamental to industry and healthcare. Today, the Group serves over 4 million clients and patients worldwide.
About Adenia Partners
Adenia Partners is a private equity firm managing $880 million in assets, with over 20 years of commitment to responsible and sustainable investments in Africa. With a strong track record, Adenia Partners has raised 5 funds, completed over 30 investments, and successfully executed 18 exits.