M&A Deal Summary

Verod Capital Management Acquires Central Securities Clearing System

On October 1, 2015, private equity firm Verod Capital Management acquired financial services company Central Securities Clearing System

Acquisition Highlights
  • This is Verod Capital Management’s 2nd transaction in the Financial Services sector.
  • This is Verod Capital Management’s 3rd transaction in Nigeria.

M&A Deal Summary
Date 2015-10-01
Target Central Securities Clearing System
Sector Financial Services
Buyer(s) Verod Capital Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Central Securities Clearing System

Lagos, Nigeria
Central Securities Clearing System is a central depository, clearing, and settlement business and currently operates a computerized depository, clearing, settlement and delivery system for transactions in securities in the Nigerian Capital Market. Central Securities Clearing System was founded in 1992 and is based in Lagos, Nigeria.

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Buyer(S) 1

Buyer

Verod Capital Management

Investor Investor Investor Investor Investor

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 3 of 10
Sector (Financial Services) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 4
Country (Nigeria) 3 of 9
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-26 UTL Trust Management

Lagos, Nigeria

UTL is a provider of trusteeship services, fund management, and nominee services to its clients, which include state governments, corporations and individuals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Oreon Education

Nigeria

Oreon Education is an education investment vehicle set up to take advantage of the continued growth in demand for quality education in Africa and to partner with family-owned schools to achieve world class standards and enduring growth.

Buy -
Mergr

Product

Company

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