TLG Capital

Founded in London in 2009, TLG Capital is a private investment firm focused on empowering entrepreneurs in frontier markets, particularly Sub-Saharan Africa. The company invests in sectors such as healthcare, finance, consumer goods, and real estate, aiming to create significant social, environmental, and developmental impact.

Frederic Bidet

Principal and COO

Dominic Clive

Principal

Isha Doshi

Partner and CFO

Zhi Yong Heng

Principal

Amanda Kabagambe

Partner and Head of East Africa

Zain Latif

Founder and Principal

Isaac Marshall

Investment Professional

Johnnie Puxley

Investment Professional

Saad Sheikh

Principal, Investments

Auraib Zahid

Principal, Investments

Past deals in Sub Saharan Africa

Liberty & Justice

Debt Financing in 2024
Liberty & Justice Inc. is an apparel manufacturing company based in New York, specializing in ethical and sustainable clothing production. The company focuses on value chain management for high-volume, time-sensitive, and duty-free goods, collaborating primarily with American clothing brands, trading companies, and other importers. Liberty & Justice manufactures a diverse range of products, including tops, bottoms, totes, and shoes, with an emphasis on high quality and on-time delivery. It operates factories in Ghana, Liberia, and Benin, and maintains a buying office in Accra, Ghana. The company is recognized as Africa's leading Fair Trade Certified apparel manufacturer, dedicated to producing organic and worker-owned garments that promote social and environmental sustainability, ultimately aiming to empower workers and contribute to poverty eradication.

Snapper Hill Clinic

Private Equity Round in 2018
Snapper Hill Clinic is a prominent healthcare provider based in Liberia, operating the largest private outpatient facility in the capital city of Monrovia. Historically significant, it was the only private clinic to remain operational during Liberia's civil wars, demonstrating resilience in a challenging environment where health services are limited. The clinic offers a range of clinical services, including general physician diagnoses, referrals, minor surgical procedures, prescriptions, and access to an internal pharmacy and laboratory. By providing these essential services, Snapper Hill Clinic aims to deliver cost-effective and quality healthcare to the Monrovian population, addressing a critical need in the region.

Atlas Mara

Post in 2018
Atlas Mara Limited is a financial services group based in Road Town, British Virgin Islands, that focuses on providing banking operations across sub-Saharan Africa and beyond. The company offers a range of corporate and retail financial services tailored to corporations, small and medium-sized enterprises, and individual customers. It operates primarily in Nigeria, Botswana, and Zimbabwe, with the majority of its revenue generated from its Botswana segment. Atlas Mara, formed by Atlas Merchant Capital LLC and Mara Group Holdings Limited, seeks to engage in potential acquisitions, particularly within the financial services sector, and has plans for future growth and expansion through both internal development and additional acquisitions.

Grace Lake Partners

Venture Round in 2018
Grace Lake Partners Limited, established in 2014 and based in Lagos, Nigeria, operates as an investment and advisory company focused on building and managing businesses within the infrastructure, healthcare, media, and retail sectors. The company's primary objective is to address societal needs in Nigeria through strategic investments and advisory services in these sectors.

Union Bank of Nigeria

Private Equity Round in 2018
Union Bank of Nigeria Plc is a full-service commercial bank headquartered in Lagos, Nigeria. Established in 1917, the bank serves a diverse clientele, including individuals, small and medium-sized enterprises (SMEs), and large corporations, primarily in Nigeria and the United Kingdom. It operates through four main segments: Retail Banking, Commercial Banking, Corporate Banking, and Treasury. Union Bank offers a variety of financial products and services, such as current and savings accounts, debit cards, online and mobile banking, SME solutions, loans, credit services, and cash management. The bank is a subsidiary of Union Global Partners Limited and is committed to supporting economic growth through its comprehensive banking solutions.

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.

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.

Emvest

Venture Round in 2012
EmVest is a diversified, agricultural investment company for institutional investors operating in Sub Sahara Africa. Key to its success is its unique, African-grown ability of being flexible, innovative and resourceful. EmVest is a ‘learning organisation’ to its core. Driven by a scientific approach, it invests in scouring the globe for new technology and unconventional ideas to enable it to work smarter. EmVest embraces innovative techniques to revolutionise traditional farming processes and adapt them to best effect in the African context. Its energy is contagious and valued by clients.

Iroko Securities

Venture Round in 2010
Iroko Securities is a fixed income securities firm based in London that specializes in the sub-Saharan African region. The firm provides capital and investment services to a diverse array of sovereign, quasi-sovereign, local corporate, and financial institutions across Africa. By facilitating access to African credits, Iroko Securities caters to international investors looking to broaden their investment portfolios. The firm has successfully executed a variety of innovative transactions for prominent corporate and sovereign issuers in the African market.

Snapper Hill Clinic

Private Equity Round in 2010
Snapper Hill Clinic is a prominent healthcare provider based in Liberia, operating the largest private outpatient facility in the capital city of Monrovia. Historically significant, it was the only private clinic to remain operational during Liberia's civil wars, demonstrating resilience in a challenging environment where health services are limited. The clinic offers a range of clinical services, including general physician diagnoses, referrals, minor surgical procedures, prescriptions, and access to an internal pharmacy and laboratory. By providing these essential services, Snapper Hill Clinic aims to deliver cost-effective and quality healthcare to the Monrovian population, addressing a critical need in the region.

Sweden Ghana Medical Centre

Private Equity Round in 2009
Sweden Ghana Medical Center is a private healthcare provider focused on offering comprehensive cancer care in West Africa. The center specializes in various cancer treatments, utilizing advanced equipment and modern techniques to deliver quality radiation therapy. It provides a full spectrum of services, including consulting, diagnosing, screening, and treating a wide range of cancer types. The center is dedicated to ensuring positive treatment outcomes for its patients and supports them in making informed healthcare decisions.

Cipla Quality Chemical Industries

Private Equity Round in 2009
Cipla Quality Chemical Industries Limited is a leading pharmaceutical manufacturer based in Kampala, Uganda. It specializes in producing Anti-retroviral (ARVs), Artemisinin-based Combination Therapies (ACTs), and Hepatitis medicines to combat HIV/AIDS, Malaria, and Hepatitis.
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