Verod Capital completes investment in Daystar Power in a key milestone for the West African Commercial and Industrial (“C&I”) space

21 Mar 2019

Anglophone West Africa focussed private equity firm, Verod Capital Management (Verod), announced that it has invested in Daystar Power Group (Daystar), a leader in developing, owning and financing Commercial and Industrial sector hybrid solar generation projects across West Africa. The investment will enable Daystar to further scale its deployments across the region, providing low cost, reliable and clean energy to its customers.  Verod will leverage on its wealth of experience and relationships in the West African corporate and industrial community to support Daystar’s growth. Verod co-invested in Daystar Power with Persistent, a pioneer investor in the off-grid sector.

 The investment will represent the 10th (and final) commitment of Verod Capital Growth Fund II LP, a US$115mn fund launched in 2014 to invest in middle-market high growth companies.

-END-

« Back to Member News

RT @tolushola: I'm looking forward to the Annual @AVCA_Africa conference. The four-day event will bring together world-class investors, pol…

Although Covid-19 affected deal making and fundraising in Africa, we find that there is growing appetite for privat… https://t.co/S6aS5z1EzO

.@DLA_Piper is a Lead Sponsor of the AVCA Conference. Don't miss the panel discussion on emerging opportunities in… https://t.co/9I7Dmev77f

Hear from Khaled Ben Jilani, Senior Partner at @AfricInvest_Grp, at the AVCA Conference next week. He will be speak… https://t.co/75gA0UYf0k

As fund managers and institutional investors increasingly adopt and apply ESG principles, we will see impact invest… https://t.co/V4kL18G0DK

;