Verod Capital Management Limited (Verod) is pleased to announce that it has completed a full exit of its ownership of Rotoprint Limited (Rotoprint), a flexible packaging company based in Nigeria.
Rotoprint is a leading vertically integrated supplier of flexible packaging products to top-tier consumer product companies across West Africa. Rotoprint’s products include plain and printed Polyvinyl Chloride (PVC) products, adhesive tapes, High-density polyethylene (HDPE) and Low-density polyethylene (LDPE) products. In 2011, Verod acquired a 75% stake in Rotoprint from its founders and in 2012 Verod acquired the remaining 25% stake.
With the support of a skilled and experienced management team, Verod worked with Rotoprint to dramatically increase the company’s production capacity, and increase revenues and profitability, cementing the company’s position as a leading player in the flexible packaging space.
Rotoprint was the last company held in Verod’s pioneer portfolio. With this exit, the portfolio of 8 investments has delivered a gross dollar MOIC of 4.0x and IRR of 50.8% to its investors.
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