Amaya Capital Partners

What Amaya Capital Partners does

Amaya Capital Partners is a privately held investment advisory firm domiciled in Port Louis, Mauritius, founded in 2009 by Sundeep Bahanda, Phillip Ihenacho, and David Ladipo. The firm operates as a boutique capital provider focused on developing and scaling impactful, large-scale platform enterprises in emerging markets, with a stated emphasis on infrastructure, consumer, and business services sectors across Africa and co-investment reach into Asia and Latin America. Its disclosed portfolio comprises three platforms: Azura Power, a Pan-African Independent Power Plant developer and operator (461MW Edo in Nigeria, 116MW Tobene in Senegal, 175MW in Mozambique); Kenyan Originals, an African craft beverages company producing cider, gin, ice teas and mixers for the Kenyan market; and Aureya Capital, a sponsored aviation-sector advisory and investment platform. The firm is advised by its three co-founders and supported by two Non-Executive Directors (Peter Breese and Malcolm Gilroy), with a disclosed headcount of 1-10.

Amaya's business model centers on originating, structuring, and co-investing equity capital into platform enterprises alongside institutional partners rather than running a unified fund product. It sources and executes deals through co-equity partnerships with Actis, Anergi, and Africa50, and finances transactions via a network that includes Standard Chartered Bank, Rand Merchant Bank, Standard Bank, and Development Finance Institutions such as the World Bank, IFC, DFC, BII, FMO, DEG, and Proparco. The firm describes its approach as "patient capital" aligned with operating management teams, operating in challenging environments where it seeks to prove skeptics wrong. There is no disclosed fund vehicle, AUM, management fee structure, or portfolio company revenue; pricing and revenue mechanics are not publicly available.

The underlying technical footprint is minimal and not a focus of the firm. Amaya does not offer a product platform, software, API, or proprietary technology stack; its "core technology" is effectively the investment and advisory platform itself, built on the founding team's relationships, project finance structuring capability, and operational track record at portfolio companies such as Azura Power. No AI/ML capabilities, patents, certifications, or technology partnerships are disclosed. GTM is relationship-driven rather than marketing-driven, relying on partner referrals and direct institutional outreach rather than public channels.

Name

Amaya Capital Partners

Legal name

Amaya Capital Limited

Website

https://amayacap.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

Amaya Capital Partners is a Mauritius-domiciled, privately held investment advisory firm founded in 2009 that develops and co-invests in large-scale platform enterprises across African emerging markets, focusing on infrastructure (notably Independent Power Plants via Azura Power), consumer goods, and aviation.

Ownership category

akta.pro rank

Product category

Private Equity & Infrastructure Investment

NAICS

Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282), Investors, Nec (6799)

akta.pro industry

PRIMARYFSAAALAG

Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure)

Financial & Insurance/Asset & Wealth Management/Asset Management — ESG/Sustainable & Impact Investing

SECONDARYBPAHADAB

Corporate Finance & Capital Advisory

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Strategy & Corporate Finance Advisory

SECONDARYBPADACAJ

Private Sector & Blended Finance Arms (IFC-type)

Business & Public Services/International Organizations & Development/International Financial Institutions & Development Banks

Keywords

• Private equity investment
• Infrastructure investment
• Emerging markets investment
• Power generation investment
• Capital advisory services

Headquarters

HQ city

Port Louis

HQ country

Mauritius

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Distribution channels1 record

Marketing channels1 record

Core offering

Amaya Capital Partners is a private investment firm that takes equity positions in and develops impactful, large-scale platform enterprises in infrastructure (power generation), consumer (beverages), and aviation across emerging markets, primarily Africa. It provides patient capital and operational support alongside co-investment partners and Development Finance Institutions. Its portfolio comprises Azura Power (pan-African Independent Power Plants), Kenyan Originals (African craft beverages), and Aureya Capital (aviation advisory platform).

Product overview

Amaya Capital Partners is an investment firm that focuses on developing and investing in projects and businesses which have the opportunity to become impactful, large-scale, platform enterprises through development and/or acquisition opportunities. The firm does not offer a unified product or platform-based architecture; rather, it operates as an investment advisory and capital deployment firm that takes equity positions in portfolio companies. Its investment portfolio includes Azura Power (power generation infrastructure), Kenyan Originals (beverage products), and Aureya Capital (aviation sector advisory platform), which are separate legal entities rather than modules or sub-products offered directly by Amaya Capital Partners.

Differentiator

Problem solved

Functional benefit

Products and services

• Azura Power
• Kenyan Originals

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• British International Investment (BII): UK development finance institution and impact investor in Africa and South Asia; both co-financier of Amaya deals and a broader incumbent in the same investment universe, providing direct comparability on mandate and ticket size.
• Africa Finance Corporation (AFC): Pan-African multilateral infrastructure financier and equity investor; overlaps with Amaya's IPP/infrastructure thesis at much larger scale and offers a reference point for institutional capital mobilisation in Africa.

Direct peers

• Development Partners International (DPI): Africa-focused PE manager with deep DFI LP base and similar emerging-market private equity thesis; comparable in fund structure, sector breadth and reliance on institutional co-investors.
• Actis: Leading emerging-markets PE investor across Africa, Asia and Latin America and an explicit Amaya co-equity partner; competes for the same African infrastructure and growth-equity mandates and brings the institutional scale Amaya lacks.
• Cordiant Capital: Emerging-markets private equity and infrastructure investor, particularly active in Africa; comparable in infrastructure emphasis and in mobilising DFI capital for African platforms.
• Helios Investment Partners: Pan-African private equity firm investing across consumer, financial services and infrastructure; directly comparable in thesis, geography and sector mix to Amaya's Africa-focused platform approach.
• Phatisa: Africa-focused private equity fund manager with consumer and infrastructure exposure; closely comparable to Amaya in fund size, sector mix and development-impact orientation.
• African Infrastructure Investment Managers (AIIM): Specialist African infrastructure and private equity manager, directly comparable to Amaya's power-and-infrastructure orientation and use of DFI capital to build platforms across the continent.
• Emerging Capital Partners (ECP): Pan-African private equity manager with a long-standing track record across infrastructure, consumer and financial services; directly comparable to Amaya in geography, sector and DFI-aligned capital base.

Others

• McKinsey & Company: Global strategy consultancy where co-founder Phillip Ihenacho previously worked; relevant as an ecosystem comparator and source of talent and corporate-finance mandates that overlap with Amaya's advisory and capital-raising activities.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/amaya-financial-services-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Amaya Capital Partners