M&A Deal Summary

Verod Capital Management Acquires Tangerine Life

On January 1, 2019, private equity firm Verod Capital Management acquired insurance company Tangerine Life

Acquisition Highlights
  • This is Verod Capital Management’s 1st transaction in the Insurance sector.
  • This is Verod Capital Management’s 5th transaction in Nigeria.

M&A Deal Summary

Date 2019-01-01
Target Tangerine Life
Sector Insurance
Buyer(s) Verod Capital Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Tangerine Life

Lagos, Nigeria
Tangerine Life is a provider of insurance and pensions solutions. Tangerine Life is based in Lagos, Nigeria.

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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 5 of 10
Sector (Insurance) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 3 of 4
Country (Nigeria) 5 of 9
Year (2019) 1 of 1
PREVIOUS 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 -
FOLLOWING 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 -