M&A Deal Summary

Verod Capital Management Acquires Tangerine General

On February 28, 2020, private equity firm Verod Capital Management acquired insurance company Tangerine General

Acquisition Highlights
  • This is Verod Capital Management’s 2nd transaction in the Insurance sector.
  • This is Verod Capital Management’s 6th transaction in Nigeria.

M&A Deal Summary

Date 2020-02-28
Target Tangerine General
Sector Insurance
Buyer(s) Verod Capital Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Tangerine General

Lagos, Nigeria
Tangerine General is an operator of an insurance company. Tangerine General is based in Lagos, Nigeria.

Search 201,839 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

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 6 of 10
Sector (Insurance) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 4 of 4
Country (Nigeria) 6 of 9
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-13 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-30 Medplus

Lagos, Nigeria

Medplus is a Nigerian retail pharmaceutical business. Medplus has a robust portfolio of drugs, and non-drugs comprising beauty and consumer products. As part of its holistic approach to healthcare, Medplus also provides other complementary services including medicine use review, expert counselling, prescription management, free health screenings and chronic disease management. Medplus was founded in 1993 and is based in Lagos, Nigeria.

Buy -