Verod Capital Management
Verod Capital Management, established in 2008, is a Nigeria-based private equity firm with an additional office in Ghana. The company specializes in mid-market investments, focusing on growth capital and buyout transactions. Verod targets a diverse range of sectors, including financial services, business services, education, healthcare, agri-business, consumer goods, light manufacturing, and technology. It primarily invests in West African countries such as Nigeria, Ghana, Liberia, and Sierra Leone, with a typical investment size ranging from $3 million to $20 million. Verod seeks majority or significant minority equity stakes in portfolio companies, aiming to hold these assets for four to seven years. The firm is known for its active, hands-on management approach, working closely with management teams to enhance governance, business practices, and profitability, ultimately positioning companies for successful exits.
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Past deals in Nigeria
Kobo360
Seed Round in 2018
Kobo360 is a digital logistics platform that connects cargo owners, truck owners/drivers, and recipients. It uses data analytics and technology to streamline supply chains, reduce waste, and enable efficient delivery of goods across Africa.
Shaldag
Private Equity Round in 2016
Shaldag Limited is a Nigerian aquaculture company specializing in the production and distribution of fish and fish products. It operates a state-of-the-art facility comprising hatcheries, nurseries, and on-growing sections for catfish and tilapia farming. Upon completion, Shaldag's Epe farm will be Nigeria's largest producer of these species, supplying both domestic and international markets with sustainably sourced, high-quality fish products.
UTL Trust Management Services
Acquisition in 2015
UTL Trust Management Services is a provider of comprehensive financial and trust services based in Nigeria. The company specializes in trusteeship, offering estate administration, charitable trusts, and portfolio management. It also delivers fund placement and property management services tailored to meet the needs of sub-sovereign entities, corporations, and individual clients across various sectors. UTL Trust Management Services is dedicated to facilitating trust transactions and ensuring effective management of assets for its diverse clientele.
Niyya Farm Group Limited
Venture Round in 2014
Niyya Food & Drinks Company Limited, a subsidiary of Niyya Farm Group Limited, operates in Kaduna, Nigeria, specializing in the production of fresh fruit juice and dairy products. The company manufactures Farm Pride Yoghurt and Farm Pride Juices, using 100% Nigerian fruits sourced from its extensive 3,000+ hectares of farmland. Niyya Food & Drinks distinguishes itself in the market by using raw fruits rather than imported concentrates for juice production, catering particularly to health-conscious consumers. With a state-of-the-art processing plant, Niyya Food & Drinks focuses on producing, processing, bottling, and distributing high-quality, non-concentrate juices and yoghurts, ensuring affordability and accessibility for its customers.
Efora Energy
Post in 2014
Efora Energy Limited is an independent oil and gas company based in Johannesburg, South Africa. Established in 1993, it engages in exploration, production, distribution, and trading of oil and gas properties across Africa. The company holds interests in assets located in Egypt, Democratic Republic of Congo, Malawi, Botswana, Nigeria, and Equatorial Guinea. Its operations include exploration and appraisal activities, crude oil trading, and the sale of petroleum products such as diesel, petrol, and paraffin to various customers in South Africa and Zimbabwe. Efora Energy is led by a highly experienced team with expertise in African oil and gas exploration, development, project management, and finance.
Rotoprint
Venture Round in 2011
Rotoprint Ltd is a manufacturer of flexible plastic packaging for the consumer goods sector and serves over 300 customers. The company manufactures products such as printed Polyvinyl Chloride (PVC) shrink labels, shrink films, tamper evident bands, tapes, wraps, and sleeves in Nigeria.
GZ Industries
Venture Round in 2009
GZ Industries Limited is a Nigerian company that specializes in the manufacturing of aluminum beverage cans for both soft drinks and alcoholic beverages. Established in 2006 and based in Ogun, Nigeria, GZ Industries commissioned its state-of-the-art factory in August 2010, which spans 46,000 square meters and is equipped with advanced machinery sourced from Europe and the USA. Since reaching an annual production capacity of 1.2 billion cans in 2012, the company has been serving a diverse clientele, including multinational and local beverage firms throughout West Africa. GZ Industries employs approximately 250 personnel, comprising both Nigerian and expatriate staff, and is committed to adhering to global quality and food safety standards in its manufacturing processes. The facility has potential for future expansion, including the addition of a can filling line.
H.F.P Engineering
Venture Round in 2008
H.F.P. Engineering Limited is a prominent building and civil engineering company based in Nigeria, focusing on conventional building construction techniques, prefabrication systems, and infrastructure development. The company has played a significant role in enhancing the country’s infrastructure, having constructed thousands of homes, schools, industrial areas, and hospitals. Additionally, H.F.P. Engineering has been involved in laying hundreds of kilometers of roads, contributing to the improvement of transportation networks. By offering a diverse range of construction and engineering services, the company strives to raise housing and construction standards across Nigeria, thereby supporting community development and addressing housing needs.
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