Verod Capital Growth Fund III

Equity : July 2019

Verod Capital Growth Fund III is a private equity fund seeking to invest in attractive growth opportunities in English-speaking West Africa.

Amount

€ 8,733,600.00

Type of investment

Equity

Development impacts

Local economic growth
Private sector consolidation/innovation
Promotion of ESG best practices

Beneficiary locations

Sub-Saharan Africa: Ghana, Nigeria

Investment field

Investment Companies & Funds

Activity

SME fund

Organisation

Verod Capital Growth Fund III

Website

http://www.verod.com/

Domicile

Nigeria

The fund will primarily invest in Nigeria (min. 50%) and Ghana (max. 30%), with an opportunistic focus on Gambia, Sierra Leone and Liberia (max. 10%).

The Fund will invest in equity and/or equity linked instruments, securing a controlling equity stake or a significant minority interest. It will focus its efforts on SMEs active in high-growth sectors including consumer goods and services, light industrials, agribusiness, financial services, business services and education.

Development impacts

Local economic growth
The fund will provide long-term growth capital to SMEs active in anglophone West Africa (especially Nigeria and Ghana). The local financial institutions / PE investments do not sufficiently provide flexible patient financing to SMEs, having historically focused on larger transactions.
Private sector consolidation/innovation
Verod provides comprehensive cross-functional support to portfolio companies, proactively adding value to them by identifying specific business needs and leveraging their capabilities and network.
Promotion of ESG best practices
Verod has a meticulous approach to ESG: it is committed to incorporating ESG issues into investment analysis and decision-making and ensuring that its investee companies incorporate and disclose ESG matters.