Admaius Capital Partners, a Rwanda-based private equity firm investing across Africa, has acquired The Particle Group, a manufacturer of certified reference materials for the metals and mining industries.
Admaius is investing alongside TPG’s senior management, led by chief executive Raksha Naidoo, via a transaction that will see the company leave parent Synerlytic Group Holdings, which is owned by private equity firm Infinite Partners.
TPG, which is headquartered in Johannesburg, South Africa, supplies commercial and mining labs globally.
Bowmans, HWF Partners and Grayston Elliot advised on the transaction.
