TLG Capital

TLG Capital is an award-winning private investment firm dedicated to empowering frontier market entrepreneurs, with a focus on opportunities in Sub-Saharan Africa (SSA).TLG firmly believes that impact creation is crucial to sustained financial success. They are committed to tackling persistent challenges and better directing resources towards improving the lives for some of the world’s most vulnerable people. Their investments have had a significantly social, environmental and development impact across Sub-Saharan Africa.TLG Africa Limited is a permanent capital investment vehicle focusing on equity opportunities in Sub-Saharan Africa (SSA). TLG Africa invests in sectors underpinned by the ‘rise of the African consumer’, such as: healthcare, finance, consumer goods and real estate. These investments include direct minority/majority stake investments, secondary opportunities and distressed fund restructurings. TLG Africa always seeks board representation, along with other minority protections. Notable investments include WHO pre-approved pharmaceutical plant QCIL (Uganda) and healthcare facilities in West Africa. In recognition for their efforts, their deals have won multiple awards including ‘Landmark Deal of the Decade’ in 2012 and 'Frontier Deal of the Year' in 2014 from Private Equity Africa.

Frederic Bidet

COO

Declan Ee

Principal

Zhiyong Heng

Principal and Head of Supply chain and Tactical Opportunities

Saad Sheikh

Principal

18 past transactions

FairMoney

Venture Round in 2021
FairMoney is a mobile banking platform that provides credit solutions to private and business borrowers by leveraging smartphone data to create instant credit scores. Founded in 2017 and headquartered in Paris, France, the company operates with a team of 45 professionals across Paris and Lagos, Nigeria. FairMoney has successfully disbursed over 350,000 loans, aiming to expand financial access for millions in Africa and South-East Asia. The company is supported by a range of European and American investors, emphasizing its commitment to innovation and growth in the microfinance sector.

Snapper Hill Clinic

Private Equity Round in 2018
Snapper Hill Clinic is a prominent healthcare provider located in Monrovia, Liberia, and operates the largest private outpatient facility in the capital. It has a historical significance as the only private clinic that remained operational during Liberia’s civil wars, continuing to serve the local population amidst challenging healthcare conditions. The clinic offers a range of services, including general physician diagnoses, referrals, minor surgical procedures, prescriptions, and access to an internal pharmacy and laboratory. By providing these essential clinical services, Snapper Hill Clinic enables patients to receive effective and affordable healthcare within a resource-limited environment.

Atlas Mara Ltd.

Post in 2018
Atlas Mara Limited is a private equity firm focused on potential and bolt-on acquisitions, primarily in the sub-Saharan African market, while also considering opportunities outside the continent. Formed by Atlas Merchant Capital LLC and Mara Group Holdings Limited, the firm aims to acquire target companies or businesses within the financial services sector. Atlas Mara does not have a specific acquisition under consideration and does not plan to engage in substantive negotiations until after its admission process. The firm is led by Bob Diamond and Ashish J. Thakkar. Any capital not utilized for acquisitions is intended for future growth and expansion, as well as working capital related to acquired entities. Atlas Mara is headquartered in Road Town, British Virgin Islands.

Grace Lake Partners

Venture Round in 2018
Grace Lake Partners Limited operates as an investment and advisory company. It builds and operates businesses in infrastructure, healthcare, media, and retail sectors that address societal needs in Nigeria. The company was founded in 2014 and is headquartered in Lagos, Nigeria.

Rwanda Foam

Venture Round in 2018
Rwandafoam provide clients with the best quality foams and spring mattresses as well as other products to expand their choice and obtain the best value for their time and money.

The Progeny Group

Venture Round in 2018
Progeny is a unique framework of coordinated advice and insight. It provides integrated financial planning, legal and asset management solutions for private clients, businesses, family offices and charities.

Union Bank of Nigeria

Private Equity Round in 2018
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.

BAJ Service Stations

Debt Financing in 2017
BAJ operating fuel stations across Uganda since 2002 and consolidated the business under the BAJ brand name in 2016. The business owns and operates 6 fuel stations across Uganda with sites in Entebbe, Luwero, Kabale and Kayunga. BAJ continues to explore opportunities to grow organically through acquisition of distressed players in the market or constructing new stations.

Movement Capital

Private Equity Round in 2016
Evolved from Homestrings, Movement Capital is the leading crowdfunding investment platform for Emerging and Frontier Markets. Movement Capital democratises access to unique investment opportunities in Emerging Markets. Bringing equity and bond deals within reach of the Diaspora and institutional investors. They provide a community where all investors belong; whether from New York or New Delhi, London or Lagos. They offer a range of diverse and innovative investments that cross time zones, borders and asset classes.

Getbucks

Private Equity Round in 2015
GetBucks Financial Services Limited is a financial technology (“fintech”) company that embraces technology as a means to provide financial products and services to its customers. GetBucks operates from 13 branches located throughout Zimbabwe. The Company is owned 51% by MyBucks S.A (a Frankfurt Stock Exchange listed company) and 31% by Brainworks. The remaining balance is owned by various other shareholders including local pension funds. GetBucks Zimbabwe’s vision is to become a leading provider of financial services by leveraging the latest technology to provide innovative and cost effective solutions to a wide customer base in Zimbabwe. GetBucks Zimbabwe believes in financial inclusion and aims to empower its customer base with sustainable financial solutions that improve lives.

Zipnet

Venture Round in 2014
Broadband Home Ltd is Ghana’s first wireless internet service provider. With the acquisition of 48MHZ of the 2.5Ghz spectrum, the company rolled out the first Broadband Wireless Access Network in Ghana using WiMAX-d platform from NextNet Wireless which morphed into CLEARWIRE, INC later.

NMB Bank

Debt Financing in 2013
NMB Bank Limited is a prominent financial institution in Zimbabwe, offering a wide range of banking products and services to both corporate and individual clients. The bank operates through several segments, including Retail Banking, Corporate Banking, Treasury, International Banking, and Digital Banking. Its offerings encompass current and savings accounts, debit and credit cards, loans, overdrafts, and various payment services, such as bridging finance and letters of credit. Additionally, NMB Bank provides advisory services related to capital raising, corporate restructuring, and investment. The bank also delivers treasury services, which include market analysis, fixed deposits, and foreign exchange operations. With branches in major cities such as Harare, Bulawayo, and Mutare, NMB Bank has been serving the Zimbabwean market since its incorporation in 1992 and is headquartered in Harare. It operates as a subsidiary of NMBZ Holdings Limited.

Emvest

Venture Round in 2012
EmVest Asset Management Pty Limited is a private equity firm focused on investments in the agricultural sector within Sub-Saharan Africa, particularly in Mozambique, South Africa, Swaziland, Zambia, and Zimbabwe. Founded in 2011 and headquartered in Pretoria, South Africa, with an additional office in London, the firm specializes in industry consolidations and targets investments ranging from $1 million to $20 million. Its investment areas include agricultural products, services, machinery, equipment, and fertilizers. Additionally, EmVest Evergreen (Pty) Ltd., established in 2010 and based in Roodekopjes, South Africa, produces dehydrated vegetables. EmVest aims to leverage innovative techniques and new technologies to enhance traditional farming practices, adapting them to the African context to drive agricultural efficiency and productivity.

Iroko Securities

Venture Round in 2010
Iroko Securities focused fixed income securities firm operating in London. It provides capital to a broad range of sovereign, quasi-sovereign local corporate and financial institutions based in Africa. It offers investment services to international investors seeking to gain exposure on African credits. Iroko had completed a number of interesting and innovative transactions for leading corporate and sovereign issuers in Africa.

Snapper Hill Clinic

Private Equity Round in 2010
Snapper Hill Clinic is a prominent healthcare provider located in Monrovia, Liberia, and operates the largest private outpatient facility in the capital. It has a historical significance as the only private clinic that remained operational during Liberia’s civil wars, continuing to serve the local population amidst challenging healthcare conditions. The clinic offers a range of services, including general physician diagnoses, referrals, minor surgical procedures, prescriptions, and access to an internal pharmacy and laboratory. By providing these essential clinical services, Snapper Hill Clinic enables patients to receive effective and affordable healthcare within a resource-limited environment.

Vero Food Industries

Venture Round in 2010
Vero Food Industries focus is the production of mineral water and rice.

Sweden Ghana Medical Centre

Private Equity Round in 2009
Sweden Ghana Medical Centre covers the full range of cancer specialties and utilizes state-of-the art equipment and the treatment techniques to provide quality radiation treatment.

Cipla Quality Chemical industries

Private Equity Round in 2009
Cipla Quality Chemical Industries Limited (CiplaQCIL) is a state-of-the-art pharmaceutical manufacturing company located in Kampala, Uganda. The company manufactures Anti-retroviral (ARVs), Artemisinin-based Combination Therapies (ACTs) and Hepatitis medicines to treat HIV/AIDS, Malaria and Hepatitis.