Verod Capital Management
Verod Capital Management, established in 2008, is a Nigeria-based private equity firm with an additional office in Ghana. The company specializes in mid-market investments, focusing on growth capital and buyout transactions. Verod targets a diverse range of sectors, including financial services, business services, education, healthcare, agri-business, consumer goods, light manufacturing, and technology. It primarily invests in West African countries such as Nigeria, Ghana, Liberia, and Sierra Leone, with a typical investment size ranging from $3 million to $20 million. Verod seeks majority or significant minority equity stakes in portfolio companies, aiming to hold these assets for four to seven years. The firm is known for its active, hands-on management approach, working closely with management teams to enhance governance, business practices, and profitability, ultimately positioning companies for successful exits.
Top Stages
20 past transactions
Moniepoint
Series C in 2024
Moniepoint is a financial technology company that offers a comprehensive digital banking and payment ecosystem tailored for small and medium-sized businesses. The platform provides a range of services, including payment processing, credit access, and business management tools. Moniepoint enables businesses to create accounts and accept payments through various offline and online channels, facilitating efficient financial management. By integrating banking solutions with essential business tools, Moniepoint supports organizations in managing their finances and accessing the resources necessary for growth.
I-Fitness Centre
Acquisition in 2024
I-Fitness Centre is a prominent health and wellness company recognized as the leading and fastest-growing fitness chain. It operates a network of gyms that provide a variety of wellness services both in-person and through online platforms. The company offers an extensive range of fitness and nutrition programs, including aerobics, yoga, spinning, and core cardio, catering to diverse health needs. Additionally, I-Fitness Centre provides gym products to support individuals in achieving their health and fitness goals conveniently.
Pan African Towers
Private Equity Round in 2023
Pan African Towers Limited, is a telecommunications infrastructure and wireless service facilitator.
Ison Xperiences
Acquisition in 2023
Ison Xperiences is a leading provider of customer engagement and experience management services, operating primarily in Africa, the United Arab Emirates, and India. As the largest independent call center operator in Africa, the company has a presence in ten Anglophone and Francophone countries, employing over 6,000 individuals, with more than 3,400 based in Africa. Ison Xperiences specializes in delivering outsourced voice and customer relationship management services to a diverse range of industries, including telecommunications, government, retail, energy, media, entertainment, and aviation. By focusing on optimizing customer experience and enhancing business process management, Ison Xperiences enables its clients to improve revenue generation and overall operational efficiency.
Medplus
Private Equity Round in 2022
Medplus is a health and beauty retailer and chain pharmacy. They provide pharmacy services that include healthy heart checks, medicine use review, blood pressure checks, pain management, blood sugar tests, weight loss management, prescription management, and expert counselling.
Moove
Series A in 2021
Moove is a mobility fintech company focused on providing revenue-based vehicle financing to mobility entrepreneurs across Africa. By leveraging embedded alternative credit-scoring technology, Moove integrates its services within ride-hailing, logistics, and last-mile delivery platforms. This innovative approach allows the company to assess the performance and revenue of mobility entrepreneurs, enabling it to underwrite loans for individuals who have been historically excluded from traditional financial services. Through its unique model, Moove aims to democratize vehicle ownership and enhance access to financial resources for a growing number of mobility operators in the region.
Metropolitan Life Insurance Nigeria
Acquisition in 2019
Metropolitan Life Nigeria is a life insurance company offering group life and credit life products to clients across the public and private spheres.
DTRT Apparel
Venture Round in 2019
DTRT Apparel Limited is a manufacturer of sports and sports-lifestyle apparel, specializing in a range of products including T-shirts, polo shirts, and athletic shorts for men, women, and youth. The company is headquartered in Accra, Ghana, with an additional office in Del Mar, California. DTRT Apparel focuses on providing cost-competitive products to major brands in the United States and the European Union, which allows these brands to access high-quality sports apparel at affordable prices. As manufacturing costs in China have risen significantly, DTRT Apparel positions itself as a viable alternative for buyers seeking reliable sourcing options in a changing market landscape.
Daystar Power
Series A in 2019
Daystar Power specializes in delivering solar power and energy efficiency solutions tailored for businesses in the commercial, industrial, and agricultural sectors. By providing affordable, reliable, and clean power through solar hybrid systems, Daystar Power helps its clients significantly reduce power costs, diesel consumption, and environmental pollution. The company offers these services to customers either as a cash sale or on a monthly fee basis, ensuring stable power supply for businesses across Africa.
Tangerine Life
Acquisition in 2019
Tangerine Life is a financial technology company dedicated to enhancing the financial security of its consumers. By focusing on innovation and creativity, Tangerine Life offers a variety of secure financial services designed to help individuals improve their financial well-being. The company aims to provide accessible solutions that empower consumers to take control of their finances and achieve their goals.
Kobo360
Seed Round in 2018
Kobo360 is a digital logistics platform founded in 2017 and headquartered in Lagos, Nigeria. It connects manufacturers and cargo owners with truck operators, utilizing technology and data analytics to streamline haulage operations. By creating an integrated logistics ecosystem, Kobo360 aims to enhance supply chain efficiency and reduce costs for all stakeholders, including cargo owners, truck owners, and drivers. The platform addresses logistics challenges by offering real-time visibility, optimizing routes, and improving last-mile delivery. Additionally, Kobo360 is working to enter the agro-trading sector, facilitating a marketplace that directly links farmers with global buyers, thereby reducing reliance on middlemen and increasing profits for smallholder farmers. The company's mission is to develop a comprehensive Global Logistics Operating System that fosters trade and commerce across Africa and emerging markets.
Shaldag
Private Equity Round in 2016
Shaldag Limited is a Nigerian aquaculture company specializing in the production and distribution of fish and fish products. It operates a state-of-the-art facility comprising hatcheries, nurseries, and on-growing sections for catfish and tilapia farming. Upon completion, Shaldag's Epe farm will be Nigeria's largest producer of these species, supplying both domestic and international markets with sustainably sourced, high-quality fish products.
Union Trustees
Acquisition in 2015
Union Trustees provides fund management and nominee services to its clients, which include state governments, corporations and individuals.
UTL Trust Management Services
Acquisition in 2015
UTL Trust Management Services is a provider of comprehensive financial and trust services based in Nigeria. The company specializes in trusteeship, offering estate administration, charitable trusts, and portfolio management. It also delivers fund placement and property management services tailored to meet the needs of sub-sovereign entities, corporations, and individual clients across various sectors. UTL Trust Management Services is dedicated to facilitating trust transactions and ensuring effective management of assets for its diverse clientele.
Niyya Farm Group Limited
Venture Round in 2014
Niyya Food & Drinks Company Limited, a subsidiary of Niyya Farm Group Limited, operates in Kaduna, Nigeria, specializing in the production of fresh fruit juice and dairy products. The company manufactures Farm Pride Yoghurt and Farm Pride Juices, using 100% Nigerian fruits sourced from its extensive 3,000+ hectares of farmland. Niyya Food & Drinks distinguishes itself in the market by using raw fruits rather than imported concentrates for juice production, catering particularly to health-conscious consumers. With a state-of-the-art processing plant, Niyya Food & Drinks focuses on producing, processing, bottling, and distributing high-quality, non-concentrate juices and yoghurts, ensuring affordability and accessibility for its customers.
Efora Energy
Post in 2014
Efora Energy Limited is an independent oil and gas company based in Johannesburg, South Africa. Established in 1993, it engages in exploration, production, distribution, and trading of oil and gas properties across Africa. The company holds interests in assets located in Egypt, Democratic Republic of Congo, Malawi, Botswana, Nigeria, and Equatorial Guinea. Its operations include exploration and appraisal activities, crude oil trading, and the sale of petroleum products such as diesel, petrol, and paraffin to various customers in South Africa and Zimbabwe. Efora Energy is led by a highly experienced team with expertise in African oil and gas exploration, development, project management, and finance.
Spinlet
Private Equity Round in 2011
Spinlet is a mobile music download platform that enables users to buy, listen, share, and manage music in a user-friendly environment. Founded in 2006 in Finland, with additional offices in San Francisco and Lagos, Spinlet focuses on making music accessible, particularly in emerging markets in Africa. The platform features a vast music library that users can access by downloading the application for free. It facilitates the purchasing and discovery of new music while allowing seamless integration with users' existing music libraries on their mobile devices. Spinlet also incorporates a social element, enabling users to create and share playlists with friends. With multiple payment systems available, Spinlet aims to enhance the music experience for all users, ensuring that both popular and new content is easily accessible.
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 Limited is a Nigerian company that specializes in the manufacturing of aluminum beverage cans for both soft drinks and alcoholic beverages. Established in 2006 and based in Ogun, Nigeria, GZ Industries commissioned its state-of-the-art factory in August 2010, which spans 46,000 square meters and is equipped with advanced machinery sourced from Europe and the USA. Since reaching an annual production capacity of 1.2 billion cans in 2012, the company has been serving a diverse clientele, including multinational and local beverage firms throughout West Africa. GZ Industries employs approximately 250 personnel, comprising both Nigerian and expatriate staff, and is committed to adhering to global quality and food safety standards in its manufacturing processes. The facility has potential for future expansion, including the addition of a can filling line.
H.F.P Engineering
Venture Round in 2008
H.F.P. Engineering Limited is a prominent building and civil engineering company based in Nigeria, focusing on conventional building construction techniques, prefabrication systems, and infrastructure development. The company has played a significant role in enhancing the country’s infrastructure, having constructed thousands of homes, schools, industrial areas, and hospitals. Additionally, H.F.P. Engineering has been involved in laying hundreds of kilometers of roads, contributing to the improvement of transportation networks. By offering a diverse range of construction and engineering services, the company strives to raise housing and construction standards across Nigeria, thereby supporting community development and addressing housing needs.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.