Investment Summary

Verod Capital Management Invests In Medplus

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

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

Investment Summary
Date 2022-03-30
Target Medplus
Sector Retail
Investor(s) Verod Capital Management
Deal Type Stake Purchase

Target

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(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 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.

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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 is based in Nairobi, Kenya.

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Mergr

Product

Company

Legal