Standard Bank, Africa’s biggest bank by assets, has successfully delivered a holistic financing solution to Adenia Partners, enabling the private equity firm to acquire a controlling stake in Minet Holdings, a leading pan-African insurance brokerage business operating across nine countries.
This landmark transaction marks a significant milestone in the Standard Bank and Adenia Partners relationship and highlights the bank’s ability to structure innovative, client-centric solutions tailored to match complex cross-border transactions.
Standard Bank acted as Sole Mandated Lead Arranger and Sole Funder on the transaction, designing a solution that enabled Adenia Partners to compete effectively while securing a high-quality asset in a competitive environment. The transaction was led for Adenia by Dan Apungu, Investment Principal at Adenia Partners.
“Adenia’s acquisition of Minet Holdings reflects the growing demand for scaled high-quality financial services platforms across Africa. With Adenia’s backing, Minet is well positioned to deepen its market presence, strengthen financial resilience, and continue advancing financial inclusion across key markets. We were pleased to support Dan Apungu and the wider Adenia team throughout the process,” says Tyson Sithole, Executive Head of Equity Finance at Standard Bank Corporate & Investment Banking (CIB).
Minet Holdings is a market-leading insurance brokerage business with a strong footprint across Africa, providing risk advisory and insurance solutions to corporate and retail clients. Its operations play a critical role in strengthening financial resilience and supporting business continuity across key sectors.
“This transaction showcases our solution-oriented structuring capabilities, tailoring a solution that enabled our client to successfully execute a strategically important acquisition,” adds Mpho Ntshudisang, Vice President: Equity Finance at Standard Bank CIB.
