Verod Capital Management, a West African private equity firm has cleared three awards at the Private Equity Africa (PEA) Awards 2020.
Founded in 2008 as an investment boutique operating out of the western region of Africa, Verod was recognised by PEA as the regional investor of the year- West Africa, the best social impact deal across Africa, and the best small-cap deal of the year 2020.
While congratulating the winners of the PEA 2020 Awards, the organisers of the award said this year’s edition of PEA saw 31 firms recognised for their investments and advisory services in Africa.
”The final winners were chosen by an independent panel of leading industry professionals which included representation from CDC, EBRD, IFC, Wimmer Family Office, Mbuyu Capital Partners, 27four Investment Managers, DEG and Family office Data Alliance, ” PEA said.
Active across various sectors, including but not limited to light manufacturing, consumer goods, business services, agriculture, education, healthcare, and financial services, Verod in 2014 transited into one of the truly indigenous Private Equity firms in West Africa.
The firm’s transition was in response to the growing opportunities in West Africa and conversely, the increased appetite of foreign institutional investors looking to expand into new markets.
Following a successful capital raising drive in a particularly challenging macroclimate in Nigeria and West Africa as a whole, the firm exceeded its original target fund size, and Verod Capital Growth Fund II launched as the largest first-time fund in Nigeria’s history.
Backed by a rich blend of mainly foreign and institutional investors including pension funds, sovereign wealth funds, insurance companies, asset management firms, fund of funds, family offices, and development finance institutions Verod seeks to partner with companies with proven business models and high market growth potential to build sustainable and responsible regional leaders in their respective industries.
