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AVCA 2022 Conference

The Annual AVCA Conference brings together world-class investors, policymakers and business leaders for interactive sessions, solutions-driven dialogue and dynamic networking. The African private

MEMBER NEWS || CardinalStone Capital Advisers Announces Final Close Of Maiden Private Equity Fund, And First Fund Investments

CardinalStone Capital Advisers (CCA), a Lagos based private equity fund manager, has announced the final close of its maiden private equity fund, the CardinalStone Capital Advisers Growth Fund LP (CCAGF or the Fund) at US$64 million. The Fund which recorded its first close in December 2018 and final close in September 2020, was established to support the growth and institutionalization of small and medium sized enterprises (SMEs) operating in two of West Africa’s leading economies—Nigeria and Ghana.

MEMBER NEWS || Verod Capital Announces The Merger Between Tangerine Life Insurance Limited And ARM Life Plc

Verod Capital Management Limited (“Verod Capital” or “Verod”) today announced the completion of the merger between Tangerine Life Insurance Limited, a Verod Capital partner company and ARM Life Plc.
The merger creates the 4th largest player in the life insurance sector. Following the 100% acquisition of Tangerine Life in 2019, Verod further capitalized the business with a view towards pursuing inorganic growth, into the retail segment, and making essential investments in technology. Both of which is viewed as instrumental to the future of the business.