VEROD CAPITAL GROWTH II A LP
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Verod Capital Growth II, a Nigerian based fund providing growth capital to medium-sized business in Nigeria. FMO committed US$ 15 million in the first close in November 2014 and a further US$5 million in December 2015. The fund is managed by Verod Capital Management, an investment firm providing growth capital to medium-sized business. Before raising Verod Capital Growth II, Verod had invested US$ 47.1 million in nine investments in Nigeria across various sectors, sourcing capital on a deal-by-deal basis.
What is our funding objective?
The fund will seek to invest in attractive growth opportunities in companies, primarily in Nigeria, across multiple sectors (consumer products, services, manufacturing, agribusiness, financial services and energy).
Why do we fund this investment?
The private equity sector in Nigeria is dominated by large buyout funds whereas the demand for risk capital in the smaller segment is substantial. There is only a limited number of players targeting this segment. Given the supply-demand imbalance in this segment FMO considers this investment attractive from a financial perspective, as well as from a developmental perspective.
- Website customer/investment
- http://verodgroup.com/
- Region
- Africa
- Country
- Nigeria
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 11/3/2014
- Total FMO financing
- USD 20.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A