Stake Purchase • Retail

Verod Capital Management Invests In Medplus

On March 30, 2022, private equity firm Verod Capital Management invested in retailer Medplus

Investment Context

This is Verod Capital Management’s 1st transaction in the Retail sector.
This is Verod Capital Management’s 7th transaction in Nigeria.

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Investment Summary
Date	March 30, 2022
Target	Medplus
Sector	Retail
Investor(s)	Verod Capital Management
Deal Type	Stake Purchase

Target Company

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.

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Investor Overview 1

Investor

Verod Capital Management

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 Context for Investor	#
Overall	7 of 10
Sector: Retail	1 of 1
Type: Stake Purchase	2 of 2
Country: Nigeria	7 of 9
Year: 2022	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2020-02-28	Tangerine General Lagos, Nigeria Tangerine General is an operator of an insurance company. Tangerine General is based in Lagos, Nigeria.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2020-02-28

Tangerine General

Lagos, Nigeria

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

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2023-10-16	Ison Xperiences Nairobi, Kenya iSON Xperiences provides a flexible enablement platform for businesses that need help scaling up their workforce, daily business operations, or debt collection solutions, or that want to expand their footprint in Africa. The company's expertise spans telecoms, BFSi, energy, media, government, retail, aviation, and e-commerce, partnering with brands and startups. Ison Xperiences was founded in 2011 and is based in Nairobi, Kenya.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2023-10-16

Ison Xperiences

Nairobi, Kenya

iSON Xperiences provides a flexible enablement platform for businesses that need help scaling up their workforce, daily business operations, or debt collection solutions, or that want to expand their footprint in Africa. The company's expertise spans telecoms, BFSi, energy, media, government, retail, aviation, and e-commerce, partnering with brands and startups. Ison Xperiences was founded in 2011 and is based in Nairobi, Kenya.

Buy

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