TLG Capital announced today it is exiting its investment in BAJ Stations Uganda, after nearly four years, at 30+% IRR in USD. TLG invested in BAJ Stations through its Credit Opportunities Fund (COF). This is COF’s eighth exit and its third in Uganda.

TLG first invested in BAJ in 2017 when the business had five operating fuel stations. Through TLG’s investment, strategic guidance and support of BAJ’s management team, led by Norman Batuma, the business transformed into a significan...