Verod Capital Management

Verod Capital Management Limited is a private equity firm established in 2008 and based in Lagos, Nigeria. The firm specializes in mid-market, growth capital, and buyout transactions, focusing primarily on opportunities in West Africa, particularly in countries such as Gambia, Ghana, Liberia, Nigeria, and Sierra Leone. Verod invests between $3 million and $20 million and typically acquires majority or significant minority equity stakes with minority protection rights in its portfolio companies. The firm targets a diverse range of sectors, including financial services, business services, education, healthcare, agribusiness, consumer goods, light manufacturing, civil engineering, media and technology, real estate, and energy. Verod employs an active management approach, leveraging its extensive industry knowledge and operational expertise to enhance the value of its investments and position them for successful exits, holding assets for periods of four to seven years.

Daniel Adeoye

Principal and Head of Investments

Eric Idiahi

Partner and Co-Founder

Malvika Kapoor

Vice President, Investments

Wale Odusanya

Principal, Investments

Past deals in West Africa

Kobo360

Seed Round in 2018
Kobo360 is a tech-enabled digital logistics platform that aggregates end-to-end haulage operations to help cargo owners, truck owners, and drivers, and cargo recipients to achieve an efficient supply chain framework. Through an all-in-one robust logistics ecosystem, Kobo uses big data and technology to reduce logistics frictions, empowering rural farmers to earn more by reducing farm wastages and helping manufacturers of all sizes to find new markets. Kobo enables unprecedented efficiency and cost reduction in the supply chain, providing 360-visibility while delivering products of all sizes safely, on time and in full. The Kobo mission is to build the Global Logistics Operating System that will power trade and commerce across Africa and Emerging Markets. The company is also preparing to enter the agro-trading space by creating a marketplace that links farmers with buyers all over the world. The marketplace will effectively eliminate the high cost of middlemen for smallholder farmers and significantly improve profits. Ife Oyedele ll and Obi Ozor founded it in 2017 and is headquartered in Lagos, Nigeria.

UTL Trust Management Services

Acquisition in 2015
UTL Trust Management Services is a provider of trusteeship and financial services, offering a range of solutions that include trust transactions, charitable trusts, estate administration, and portfolio management. The company also specializes in fund placement and property management, catering to sub-sovereign, corporate, and individual clients across various sectors in Nigeria. Through its comprehensive service offerings, UTL Trust Management Services aims to meet the diverse needs of its clientele in managing their estates and investments effectively.

Niyya Farm Group Limited

Venture Round in 2014
Niyya Farm Group Limited is the holding company of an agro-processing business that produces fresh fruit juice and dairy products. Niyya Food & Drinks Company Limited is a subsidiary of Niyya Farm Group Limited and the manufacturer of Farm Pride Yoghurt and Farm Pride Juices. Farm Pride Juice is grown from quality 100% Nigerian fruits harvested from Niyya-Farm Group’s extensive farm. Niyya Farms owns 3,000+ hectares of land, with a twin state of the art processing plant for production of the Fresh Fruit Juices and Yoghurt. Its products are made from raw fruits and not concentrates, unlike other competitors in the market who use imported concentrates for juice production, this makes their products prime target for everybody, especially to health conscious consumers.

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 is an indigenous company that manufactures aluminium beverage cans in West Africa. The factory was commissioned in August 2010 to manufacture Aluminum beverage cans for brewers and bottling companies in Nigeria and other West African countries. It reached capacity of 1.2 billion cans, per annum, in 2012. . GZI’s 46,000 m2 factory is world-class, with state-of-the-art equipment sourced from Europe and the USA. The space is sufficient for additional manufacturing expansion in the future or/and inclusion of a can filling line. The Company employs 250 personnel, including Nigerian and expatriate staff.

H.F.P Engineering

Venture Round in 2008
H.F.P. Engineering Limited is a building and civil engineering company, which specializes in conventional building construction techniques, prefabrication systems, infrastructure construction and development, as well as electro-mechanical projects. struction companies under both the Lagos State Government and the Federal Ministry of Works. H.F.P has provided thousands of houses for Nigeria families built schools for Nigerian children, constructed industrial areas, developed revolutionary new housing projects, established hospitals, laid hundreds of kilometers of roads across the country.
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