DLA Piper Africa, Kenya (IKM Advocates) has advised Adenia Partners on its acquisition of a majority stake in Minet Group from Capitalworks. The acquisition completed on 30 June 2026 following receipt of all required regulatory approvals.

Adenia Partners is a leading private equity firm focused on growth opportunities across Africa. Through the acquisition, it adds Minet Group, one of the continent's largest independent insurance brokerage and risk advisory firms, to its portfolio.

Minet Group provides insurance brokerage, risk advisory and employee benefits solutions to corporates, SMEs and institutions across Botswana, Kenya, Lesotho, Malawi, Mozambique, Namibia, Tanzania, Uganda and Zambia.

Commenting on the transaction, David Lekerai, Partner and Head of Corporate at DLA Piper Africa, Kenya (IKM Advocates), said: "This transaction reflects continued investor confidence in Africa's financial services sector and demonstrates the growing sophistication of private equity transactions across the continent. Successfully delivering a transaction of this nature required close coordination throughout the regulatory approval process and collaboration across multiple stakeholders. We are delighted to have supported Adenia Partners on this investment."

The DLA Piper Africa, Kenya (IKM Advocates) team involved Anne Kinyanjui, Ashley Zefira, John Mwangi and Camilla Kanani.