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

Senegal is taking a unique approach to closing its financing gap. Bloomberg @markets’s @alonsosotoj talks to FONSIS… https://t.co/7j6Gg5Flhn

Verod Capital Management makes investment into West Africa’s largest clothing manufacturer. Read more: https://t.co/izNBfvo2iw

Join us this September for training, thought leadership and networking opportunities in Lagos, Nigeria. Register To… https://t.co/Qomz9RqUfZ

@AVCA_Africa is coming to Lagos, this September! Join us from Wednesday, 11th September – Friday, 13th September fo… https://t.co/0dxQN0kNIZ

@norfund_ makes investment into Nigeria’s Sundry Foods, an integrated foods service company. Read more:… https://t.co/7xoVNhilcb

;