Adenia Acquires Majority Stake in Minet Group From Capitalworks
Adenia Partners (“Adenia”), a leading private equity firm focused on growth opportunities in Africa, 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, a private equity investor with a long history of investing in South Africa and across the continent. The transaction completed on 30 June 2026 following receipt of all required regulatory approvals. 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: Botswana, Kenya, Lesotho, Malawi, Mozambique, Namibia, Tanzania, Uganda, and Zambia. Prior to its acquisition by Capitalworks in 2017, Minet was part of Aon, the global insurance broker.
Africa’s insurance brokerage sector presents a compelling investment opportunity driven by several factors, including increased financial literacy, digital transformation, which aids understanding and access to insurance products, rapid economic expansion, and population growth. 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.
