African Capital Alliance

African Capital Alliance is a private equity firm founded in 1997 and headquartered in Port Louis, specializing in growth capital, equity, and buyout investments in small and medium-sized companies across Sub-Saharan Africa. The firm focuses on various sectors including financial services, business services, energy, consumer goods, and technology. It seeks investment opportunities in growth companies, turnaround situations, and regional cross-border expansion, with a preference for industries such as oil and gas, media, healthcare, and infrastructure. African Capital Alliance typically invests in West Africa, particularly Nigeria, and provides control investments ranging from $1 million to $60 million, with a focus on equity ownership between 25% and over 50%, along with significant minority and majority rights. Through its subsidiaries, the firm offers private equity, asset management, and real estate management services.

Gbenga Adetoro

Partner

Yemisi Akinbo

VP

Benjamin Dabrah

Partner

Pascal Gabriel Dozie

Founder and Non-Executive Partner

Steve Iwenjora

Partner

Paul Kokoricha

Partner and Fund Manager

Sam Kolawole

Investment Professional

Kofi Kwakwa

Executive Partner

Kikelomo Longe

Principal and Head of Fund Raising and Marketing

Ronald (Ron) Mincy

Partner

Obiora Nwogugu

Principal and Head of Real Estate

Obi Nwogugu

Partner

Nkem Odibeli

VP and Investment Officer of FSI

Cyril Odu

Executive Partner

Dave Oguejiofor

VP

Omolara Ojo

Vice President

Afolabi Oladele

Executive Partner

Samuel Oniovosa

Partner

Sam Oniovosa

Executive Partner

Ernest Shonekan

Founder and Non-Executive Partner

Lola Tunwashe

VP

31 past transactions

Virgin Nigeria Airways

Venture Round in 2005
Virgin Nigeria Airways is a provider of commercial airline services.

DWC Drilling

Private Equity Round in 2008
DWC Drilling provides land drilling and related services.

Updc Metro City Ltd

Venture Round in 2012
Updc Metro City Limited engages in construction and operation of metro city estate.

Continental Reinsurance

Merger/Acquisition in 2016
Continental Reinsurance is a Pan-African service re-insurer offering a full suite of non-life and life reinsurance products in Nigeria, Cameroon, Abidjan, Tunis, Gaborone, and Kenya. It underwrites fire and engineering, general accident, motor and liability, marine and aviation, oil and gas, individual and group life, and energy products.

Skye Capic Select

Private Equity Round in 2008
Skye Capic Select is planned as a 126 room hotel with conferencing facilities located in the Alausa Ikeja area.

Vizier Ltd

Venture Round in 2015
Vizier Ltd is a provider of Construction and real estate services.

Agora Mall Ltd

Venture Round in 2011
Agora Mall Limited engages in construction and real estate business.

Wakanow

Venture Round in 2014
Wakanow.com Limited operates as an online travel company. It offers a booking portal for flights, hotels, Visa assistance, holiday packages, airport transfers, an international travel SIM, a prepaid travel card, a loyalty program, and more. The company was founded in 2008 and is based in Lagos, Nigeria with operations in Nigeria, the United Arab Emirates, Ghana, the United Kingdom, and the United States.

Growth Land Ltd

Venture Round in 2012
Growth Land is constructing a retail mall in Onitsha. Onitsha Mall is designated to be a single-anchor retail facility with approximately 12,000 square metres of net rentable space.

Petra Trust

Merger/Acquisition in 2018
Petra Trust Company Limited provides trustee services for employers and individuals in Ghana. The company offers personal pension and retirement planning services. It also provides investment policy formulation, strategic and tactical asset allocation, and benchmark design services; fund manager and custodian selection and evaluation services; fund administration services; and customized pension training services for individuals, executive members of companies, staff members, and others who need to meet regulatory requirements. The company is based in Accra, Ghana.

Capic Hexagon Nigeria

Private Equity Round in 2008
Capic Hexagon Nigeria operates as a construction and real estate company.

Cornerstone Insurance plc

Private Equity Round in 2007
Cornerstone Insurance Plc, together with its subsidiaries, provides risk underwriting and related financial services for corporate and individual customers in Nigeria. It operates through Non-Life Insurance, Life Insurance, Halal Islamic Insurance, Fin Insurance Company Limited, and Cornerstone Leasing and Investment Limited segments. The company offers property-casualty insurance and life/health insurance products. It provides motor vehicle, aviation, marine, engineering all risks, asset protection, liability to third party, oil and gas, group life, credit life, mortgage protection, term assurance, wealth creation, and Takaful insurance products. The company also offers leasing; and lending and fund management services to multinationals, small and medium scale businesses, and high net worth individuals. Cornerstone Insurance Plc was incorporated in 1991 and is headquartered in Lagos, Nigeria.

FIN Insurance Company

Acquisition in 2014
FIN Insurance Company provides Motor Vehicle, Aviation, Marine, Engineering Oil Gas insurance.

MTN Group

Private Equity Round in 2007
MTN Nigeria Communications PLC provides broadband fixed wireless access, telecommunication, and mobile financial services in Nigeria. It offers mobile telecommunications services, including airtime and subscription, data, digital, value added, and short message services; and interconnect and roaming services, as well as sells mobile handsets and accessories. The company also provides mobile money and rich media services. It serves approximately 55 million subscribers. The company was founded in 2001 and is based in Lagos, Nigeria. MTN Nigeria Communications Limited is a subsidiary of MTN International (Mauritius) Limited.

Cap Phoenix Cornerstone

Private Equity Round in 2015
Cap Phoenix Cornerstone is a special purpose vehicle (“SPV”) set up for the investment and development.

Union Bank of Nigeria

Private Equity Round in 2011
Union Bank of Nigeria Plc provides investment, corporate, commercial, and retail banking products and services for individuals, small and medium sized enterprises, and commercial and corporate clients primarily in Nigeria and the United Kingdom. It operates through four segments: Retail Bank, Commercial Bank, Corporate Bank, and Treasury. The company offers current accounts, savings accounts, and domiciliary deposits; debit cards; and online and mobile banking services. It also provides SME accounts, solutions, loans, and intervention funds; credit solutions; and account and cash management, trade, finance, and agribusiness solutions. The company as founded in 1917 and is headquartered in Lagos, Nigeria. Union Bank of Nigeria Plc is a subsidiary of Union Global Partners Limited.

SWIFT Networks Ltd

Private Equity Round in 2006
SWIFT Networks Ltd. provides facilities-based telecommunications services. It offers residential solutions, such as broadband and fixed telephony services. The company also provides small business solutions, which include telephone and fax lines for businesses; and Web hosting, e-mail hosting, and PaBX services. In addition, it offers enterprise solutions, including enterprise services, digital telephony services, MPLS service, Internet for remote access, VPN for Internetworking, video streaming and surveillance, and Wi-Fi hotspots. SWIFT Networks offers its products through online and retail outlets. The company was founded in 2002 and is based in Lagos, Nigeria.

Gas Train Ltd

Private Equity Round in 2014
Gas Train Ltd offers gas infrastructure development services.

WIOCC

Private Equity Round in 2021
WIOCC is revolutionising the delivery of high-capacity connectivity between Africa and the rest of the world. As a result, it is now widely recognised as Africa’s carriers’ carrier, offering a one stop-shop and end-to-end service between more than 30 African countries and the world’s key global financial and commercial centres. As a specialist in the wholesale market, WIOCC’s unique, flexible, bandwidth packages have been designed to enable carriers, mobile operators and internet service providers (ISPs) to take full advantage of Africa’s rapidly developing markets for fixed and mobile broadband and international corporate networking. WIOCC recognises that customers differ, and tailors many of its solutions to specific customer requirements.

Food Concepts Plc

Venture Round in 2021
Food Concepts Pioneer Limited owns and operates bakeries which produce baked goods.

First Festival Mall

Private Equity Round in 2014
First Festival Mall is a special purpose vehicle solely dedicated to constructing and operating a 13382 square metre dual anchor shopping mall in Festac, Lagos State.

E-Tranzact

Private Equity Round in 2008
E-Tranzact is an e-payment solution provider.

Filmhouse Cinemas

Private Equity Round in 2014
Filmhouse Cinemas Limited is a film exhibition company that specializes in the areas of cinema operation and consultancy for cinema development. It also offers facilities for formal corporate meetings/events, conferences, and product launches; and private/corporate screening and cinema screen advertising services. The company was founded in 2012 and is headquartered in Lagos, Nigeria with locations in Lagos, Calabar, Asaba, Portharcourt, Ibadan, Kano, Ibadan Samonda, Ikoyi, and Apapa, Nigeria.

Capsea Marine

Private Equity Round in 2008
Capsea Marine provides floating production storage and offtake (FPSO) vessel for offshore oil fields.

Beloxxi

Private Equity Round in 2016
Beloxxi biscuits are produced under a hygienic and efficient production process environment. We are committed to enhancing consumer satisfaction with quality products that meet global standards. We use the best raw materials in our production process and also ensure that our products are affordable while maintaining quality standards. We strive relentlessly to be the best in every aspect of our business and also appreciate the value of continuous improvement.

Daraju Industries

Private Placement in 2018
Daraju Industries Limited manufactures and distributes personal care and household products. It offers personal care products, such as soaps; fabric care products, including detergent powders and multi-purpose soaps; oral care products, which include red gel, herbal gel, and herbal fluoride toothpaste; and households products, such as hand liquid soaps and dishwashing liquid soaps. The company was founded in 1988 and is based in Lagos, Nigeria with additional offices in Onitsha and Kano, Nigeria; and India, China, Ethiopia, and Dubai.

Kunoch Hotels Limited

Private Equity Round in 2012
Kunoch Hotels Limited is developing a 99 room hotel in Owerri, Imo State.

Centre City Hospitality

Private Equity Round in 2012
Centre City Hospitality constructs and operate hotel properties.