M&A Deal Summary

Verod Capital Management and Quilvest Capital Partners Acquire UTL Trust Management

On April 26, 2015, private equity firms Verod Capital Management and Quilvest Capital Partners acquired financial services company UTL Trust Management

Acquisition Highlights
  • This is Verod Capital Management’s 1st and Quilvest Capital Partners’ 5th transaction in the Financial Services sector.
  • This is Verod Capital Management’s 2nd and Quilvest Capital Partners’ 1st transaction in Nigeria.

M&A Deal Summary

Date 2015-04-26
Target UTL Trust Management
Sector Financial Services
Buyer(s) Verod Capital Management
Quilvest Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

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Buyer(S) 2

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 2 of 10
Sector: Financial Services M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 4
Country: Nigeria M&A 2 of 9
Year: 2015 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-03 Niyya Food and Drinks

Kaduna, Nigeria

Niyya Food and Drinks is an agri-business with 10 million liters fresh fruit production capacity and 5 million liters Yogurt production capacity. Niyya currently manages a sizable orchard for fruit cultivation and manufactures and distributes fresh fruit juice and dairy products across Nigeria. Niyya is based in Kaduna, Nigeria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 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.

Buy -
Buyer

Quilvest Capital Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1972
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Quilvest Capital Partners is the private equity investment arm of asset management firm Quilvest. Quilvest Capital Partners invests in private equity and debt funds as well as makes direct investments. The direct investment group looks for opportunities in the US, Europe, and 'opportunistically' in Asia with a preference for buyout, growth capital, and venture transactions. Quilvest Capital Partners will consider both minority and majority positions. Quilvest Capital Partners was established in 1972 and is based Paris.


DEAL STATS #
Overall 88 of 105
Sector: Financial Services M&A 5 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 24 of 29
Country: Nigeria M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 Tiway Oil

Dubai, United Arab Emirates

Tiway Oil is an oil and gas producing company focused on major petroleum basins and frontier areas. Tiway Oil was founded in 2006 and is based in Dubai, UAE.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 PFG

Richmond, Virginia, United States

PFG is a distributor of food products and snacks. PFG delivers food and food-related products to more than 130,000 independent and national chain restaurants, quick-service eateries, pizzerias, theaters, schools, hotels, healthcare facilities and other institutions across the United States. PFG was founded in 1885 and is based in Richmond, Virginia.

Sell -