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Adenia Partners, a private equity firm focusing on Africa, has acquired a controlling share in Herholdt’s, a renowned South African distributor of low-voltage electrical and solar equipment. The transaction’s financial specifics were not disclosed. The main advisors on the deal were Andrew Bahlmann and Nicolas Souvaris from Deal Leaders International.
Adenia will work together with Herholdt’s to strengthen its leadership position in the solar market through new store openings, partnerships with key promoters, digitalization, and potential acquisitions. The investment is Adenia’s first in South Africa.
Herholdt’s is one of the leading distributor of low voltage electrical products and solar products in South Africa. The company has operations in Johannesburg, Cape Town, Bloemfontein, Kimberley and George. The company supplies professionals such as installers, contractors, resellers as well as end-users.