Verod exits CSCS Nigeria

Private equity firm Verod Capital Management Limited, announced that its Verod Capital Growth Fund II has fully exited its investment in CSCS Nigeria.

CSCS is a financial market infrastructure platform and is the sole licensee for the central depository and settlement of transactions on the Nigerian Exchange Limited (NGX), amongst others.

Daniel Adeoye, principal and head of investment at Verod Capital, said, ”CSCS is one of the premier clearing and settlement firms in Africa and has been spearheading many industry-leading initiatives to deepen the capital market infrastructure in Nigeria and the African region. Thanks to Verod’s partnership with CSCS’s shareholders and management, the company saw greater growth, balance sheet optimisation, innovation, and enhanced returns for its shareholders. We are confident CSCS will continue to build upon this success.”

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