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Kibo Capital Velogic

Verdant Capital Sole Advisor to Kibo Capital Partners for its stake in General Cargo Group

Kibo Capital Partners (“Kibo“) has sold its stake in the Kenyan logistics company General Cargo Group (“GCG“) to Velogic, the logistics arm of the Mauritian-based Rogers Group. Verdant Capital is pleased to have advised Kibo on this transaction. Kibo, which is focused on small and medium-sized enterprises in Sub-Saharan Africa and the Indian Ocean countries, has around $100 million in assets under management. It has backed 17 companies across nine countries. Verdant Capital is active in East African advisory and was ranked 3rd by DealMakers Africa for East African M&A in 2020. 2021 is also a strong year with four […]

WIOCC ACA

Verdant Capital Sole Financial Advisor for USD 80 M Equity Capital Raise for WIOOC

Verdant Capital has advised WIOCC Holding Company Limited (or “WIOCC”) on an USD 80 million equity capital raise. USD 75 million of equity was invested by CAPE IV, a fund managed by leading African private equity fund manager African Capital Alliance. The balance was invested by management and an existing shareholder. The equity raised has been supplemented by a debt capital raise. The total capital raise of USD 200 million will be used to expand its connectivity within Africa and internationally, and through Open Access Data Centres (or “OADC”) – a newly created WIOCC Group company – to launch a […]

Fairfax Nedan Logo

Verdant Capital Sole Advisor for the Sale of 100% of Nedan

Philafrica Foods (Pty) Ltd. (“Philafrica”), a subsidiary of AFGRI Group Holdings (“AFGRI”), has sold its soya oil crushing plant, which trades in the market under the names Nedan, Marathon, Soya Ya Ka, Promax (soya oil cake). Verdant Capital is pleased to have acted as financial advisor to Philafrica for this transaction. Philafrica, based in South Africa, is an investment company involved in food processing in South Africa, Mozambique, Ghana and the Ivory Coast. Its focus is on expanding food sourcing and production across the continent. AFGRI is owned by Helios Fairfax Partners, which is a leading pan-Africa-focused alternative investment manager, […]