Investment Summary

Verod Capital Management Invests In i-Fitness

On February 21, 2024, private equity firm Verod Capital Management invested in consumer services company i-Fitness

Investment Highlights
  • This is Verod Capital Management’s 1st transaction in the Consumer Services sector.
  • This is Verod Capital Management’s 8th transaction in Nigeria.

Investment Summary
Date 2024-02-21
Target i-Fitness
Sector Consumer Services
Investor(s) Verod Capital Management
Deal Type Growth Capital

Target

i-Fitness

Lagos, Nigeria
website
i-Fitness is a fitness chain that provides rewarding fitness experiences with 21 branches across Nigeria, has over 250 professionally certified personal trainers, and state-of-the-art gym facilities. i-Fitness is based in Lagos.

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Investor(S) 1

Investor

Verod Capital Management

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Verod Capital Management is a Nigerian private investment group focused on provding equity and equity-linked capital to growth companies. Areas of interest include consumer products, services, manufacturing, agribusiness, financial services, energy, media, and technology. Verod Capital Management was formed in 2008 and is based in Lagos.

DEAL STATS #
Overall 9 of 9
Sector (Consumer Services) 1 of 1
Type (Growth Capital) 1 of 1
Country (Nigeria) 8 of 8
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-16 Ison Xperiences

Nairobi, Kenya

iSON Xperiences provides a flexible enablement platform for businesses that need help scaling up their workforce, daily business operations, or debt collection solutions, or that want to expand their footprint in Africa. The company's expertise spans telecoms, BFSi, energy, media, government, retail, aviation, and e-commerce, partnering with brands and startups. Ison Xperiences is based in Nairobi, Kenya.

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