Private equity firm, Adenia Partners, has acquired a majority stake in Minet Group, one of Africa's largest independent insurance brokerage and risk advisory firms. The stake was acquired from Capitalworks.
The transaction was completed on 30 June 2026, following receipt of all required regulatory approvals. The financial terms were not disclosed.
Minet provides insurance brokerage, risk advisory and employee benefits solutions to a diverse base of clients, including corporates, SMEs and institutions across nine African countries, including Kenya, Namibia, Tanzania, Uganda and Zambia.
The partnership with Adenia is expected to enhance Minet’s operational capabilities and strategic expansion across the continent, including the implementation of sustainability-aligned metrics.
“We are pleased to have completed this investment in Minet, a business that aligns closely with our strategy of partnering with high-quality, high-performing African companies,” said Ms Martha Osier, Partner at Adenia.
“There is a generational opportunity to build scalable, technology-driven insurance models that meet the needs of young and urbanising populations in many parts of Africa, which Minet is well-positioned to capitalise on.”
Ms Osier also said, “Our goal is to support the management team in this phase of growth, implement operational and sustainability-linked best practices and extend the company’s leading position in markets across the continent.”