African Capital Alliance

African Capital Alliance Limited is a private equity firm established in 1997 and headquartered in Port-Louis, Mauritius, with an additional office in Lagos, Nigeria. The firm specializes in growth capital and equity investments in small and medium-sized enterprises, focusing on sectors such as oil and gas, media, healthcare, electric power supply, technology, telecommunications, and consumer goods. It primarily invests in West Africa, particularly Nigeria, and extends its reach to other Sub-Saharan African markets. African Capital Alliance typically makes control investments ranging from $1 million to $60 million, maintaining significant equity ownership and board representation. The firm actively seeks opportunities in turnaround situations and regional cross-border expansions, emphasizing its commitment to fostering growth in emerging markets. Through its subsidiaries, it also provides 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

Richard (Dick) Kramer

Chairman and Founder

Past deals in Nigeria

Food Concepts Plc

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

Beloxxi

Private Equity Round in 2016
Beloxxi Industries Limited is a Nigerian company that specializes in the production and supply of biscuits, particularly cream crackers. Founded in 1994 and headquartered in Agbara, Nigeria, Beloxxi operates under stringent hygienic standards to ensure the quality and safety of its products. The company markets its biscuits through a network of distributors across Nigeria, focusing on providing affordable products without compromising quality. Beloxxi emphasizes the use of high-quality raw materials in its manufacturing processes and is dedicated to continuous improvement to enhance consumer satisfaction and meet global standards. The company, previously known as Beloxxi & Company Limited, rebranded in January 2003 to reflect its growth and commitment to excellence in the biscuit industry.

Vizier Ltd

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

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.

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.

Wakanow

Venture Round in 2014
Wakanow.com Limited is an online travel company founded in 2008 and headquartered in Lagos, Nigeria. It serves as a comprehensive travel portal, providing services such as flight and hotel bookings, visa assistance, holiday packages, airport transfers, an international travel SIM, and a prepaid travel card. Wakanow also features a loyalty program to enhance customer engagement. Recognized as the largest travel portal in Nigeria, Wakanow operates across multiple countries, including the United Arab Emirates, Ghana, the United Kingdom, and the United States. The company is committed to ensuring safe and secure transactions for its users, facilitating a seamless travel experience.

FIN Insurance Company

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

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.

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.

Updc Metro City Ltd

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

Agora Mall Ltd

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

Union Bank of Nigeria

Private Equity Round in 2011
Union Bank of Nigeria Plc is a retail and commercial bank headquartered in Lagos, Nigeria, with a history dating back to 1917. The bank offers a diverse range of financial products and services tailored for individuals, small and medium-sized enterprises, and corporate clients, primarily within Nigeria and the United Kingdom. Its operations are organized into four main segments: Retail Banking, Commercial Banking, Corporate Banking, and Treasury. The bank provides essential services such as current and savings accounts, debit cards, and online and mobile banking. Additionally, it supports SMEs with specialized accounts, loans, and financial solutions, along with comprehensive offerings in cash management, trade finance, and agribusiness. Union Bank of Nigeria Plc operates as a subsidiary of Union Global Partners Limited.

DWC Drilling

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

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.

E-Tranzact

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

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.

MTN Group

Private Equity Round in 2007
MTN Group Limited is a leading telecommunications company based in Johannesburg, South Africa, established in 1994. The company offers a wide range of services, including mobile voice and data, international calling, enterprise solutions, and digital services. MTN serves both individual and corporate clients, providing products such as mobile financial services, broadband, and various connectivity options. Its enterprise offerings focus on connectivity, communication, and cloud solutions, while mobile money services encompass international remittances, savings, and lending. MTN operates in multiple countries across Africa and the Middle East, supporting over 251 million subscribers. The company also emphasizes digital entertainment through initiatives like video-on-demand and music streaming services. MTN Group continues to expand its presence and digital offerings, positioning itself as a significant player in the telecommunications sector.

SWIFT Networks Ltd

Private Equity Round in 2006
SWIFT Networks Ltd. is a telecommunications company based in Lagos, Nigeria, established in 2002. It specializes in providing facilities-based telecommunications services, offering a range of solutions for residential, small business, and enterprise customers. Residential offerings include broadband and fixed telephony services, while small business solutions encompass telephone and fax lines, web and email hosting, and PaBX services. For enterprises, SWIFT Networks provides a suite of services such as digital telephony, MPLS, remote access Internet, VPNs, video streaming, surveillance, and Wi-Fi hotspots. The company has invested significantly in next-generation networking technologies and holds an exclusive wireless spectrum license, enabling it to deliver reliable, high-quality connectivity. SWIFT Networks distributes its products through both online and retail channels and has attracted foreign direct investment to enhance its capabilities and expand its market presence in Nigeria.

Virgin Nigeria Airways

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