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 9th 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
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

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 10 of 10
Sector (Consumer Services) 1 of 1
Type (Growth Capital) 2 of 2
Country (Nigeria) 9 of 9
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-27 Pan African Towers

Lagos, Nigeria

Pan African Towers is Nigeria’s leading provider of digital infrastructure. The company provides telecommunications infrastructure and wireless services such as Built-to-Suit, colocation, Distributed Antenna Solutions, buy-lease-back and other value-added services. Pan African Towers was founded in 2017 and is based in Lagos, Nigeria.

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