MyPressportal - Free Press Releases South Africa
25 January 2024 3 min

Verdant Capital completes 18 transactions in 2023 and receives awards from Africa Global Funds

Written by: MyPressportal Team Save to Instapaper

The firm won Best Independent Advisory Firm – pan-Africa and Best Advisory Firm to Private Equity

JOHANNESBURG, South Africa, January 24, 2024/ -- Pan-African investment bank and investment manager completed 18 transactions in 2023 and received accolades from the prestigious Africa Global Funds awards.  The firm won Best Independent Advisory Firm – pan-Africa and Best Advisory Firm to Private Equity.  In 2023, Verdant Capital (https://Verdant-Cap.com/) further emphasised the strength of the pan-African franchise, completing five transactions in South Africa, two in other SADC countries, eight in East Africa and three in West Africa.  Eleven of the transactions were for private equity investors or portfolio companies of private equity.

Verdant Capital, a successful investment bank operating since 2013, in 2021 established an investment management division and completed the first closing of its flagship fund, Verdant Capital Hybrid Fund. The fund is a pan-African fund investing mezzanine capital into in the financial services sector.  In 2023 Verdant Capital completed five investments from its investment management operation, three from Verdant Capital Hybrid Fund, and two from other structures.   These investments included investments in LOLC Africa, the African operation of leading Asian microfinance group LOLC Africa, and in Mogo Kenya, a leading taxi and mobility financing operation.  Verdant Capital Hybrid Fund is now three-quarters deployed versus its commitments at first closing.  Verdant Capital expects the final close in 2024.

In terms of Mergers and acquisitions (M&A), the firm completed eight transactions in 2023.  Landmark transactions included the sale of Unguka Bank in Rwanda, and advising on an acquisition in South Africa for Saint Gobain, the Paris-headquartered group ranking in the top 100 of industrial companies in the World. Verdant Capital also advised five clients on debt and equity capital raisings, including leading African digital payments business, Zeepay.

2023 further reinforced Verdant Capital’s domain expertise in the financial services sector, with 12 completed transactions across segments including leasing, invoice discounting, purchase order financing, micro-lending, payments and remittances. Verdant Capital also completed deals in other sectors in which it is traditionally strong, including the telecoms, digital infrastructure, agri-business and industrials sectors.

Distributed by APO Group on behalf of Verdant Capital.

Media enquiries:Verdant CapitalLiezel van Greunen, T: +27 10 140 3700 E: liezel.vangreunen@verdant-cap.com

About Verdant CapitalVerdant Capital is a leading investment manager and investment bank specialising in the private capital markets and operating on a pan-African basis. Verdant Capital is the manager of the Verdant Capital Hybrid Fund. www.Verdant-Cap.com

SOURCE: Verdant Capital

Total Words: 533
Published in Business, Economy, Finances, Banking and Insurance

MyPressportal

We submit and automate press releases distribution for a range of clients. Our platform brings in automation to 5 social media platforms with engaging hashtags. Our new platform The Pulse, allows premium PR Agencies to have access to our newsletter subscribers.

Latest from

  1. Pretoria High Court Blocks B-BBEE Requirements For Air Service Licensing In Landmark Ruling
  2. Kenya Airways Updates Amsterdam Route With Paris Stop On Select Flights
  3. Presidency Reaffirms Adherence To Finance Laws In National Dialogue Budgeting
  4. President Updated On Preparations And Challenges For National Dialogue National Convention
  5. NRF Praised By Minister Nzimande For Advancing Transformation And Delivering High Impact Research
  6. 2025 Women In Science Awards Reveal Finalists Driving Change And Inspiring The Next Generation
  7. Entry Deadline Extended For Prism Awards Highlighting The Human Factor In Powerful Communications
  8. Rainbow Celebrates Women QA Leaders Committed To Nourishing The Nation Safely
  9. AI Poised To Revolutionise South Africa’s Approach To Workplace Injury And Earnings Assessments
  10. Khayelitsha Clinic Increases Sterilisation Drive To Reduce Pet Overpopulation And Disease
  11. South African Central Bank Assesses Minimal Impact From US Tariffs On Trade And Jobs
  12. Ammat Global Resources Drives Congo Oil Growth With Bold Targets At African Energy Week
  13. FAO Reports 1.6 Percent Monthly Increase In Food Price Index Led By Vegetable Oils
  14. Business Partners Highlights Urgent Need To Bridge Gender Finance Gap In Entrepreneurship
  15. Mustadafin Foundation Champions Young Single Mothers Through Empowerment Initiatives

The Pulse Latest Articles