Verdant Capital Advises on USD 124 Million Equity Raise for WIOCC
Verdant Capital Advises on USD 124 Million Equity Raise for WIOCC Verdant Capital has successfully advised WIOCC Holding Company Limited (WIOCC) in raising USD 124 million in equity capital. Of this, USD 75 million was invested by CAPE IV, a fund managed by African Capital Alliance, a leading African private equity fund manager. Additionally, USD 30 million was invested by the International Finance Corporation (IFC) in a follow-up round. The remaining balance was contributed by management and existing shareholders. This equity raise has been complemented by a debt capital raise, bringing the total capital raised to USD 200 million. The […]