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Verod Capital snaps majority stake in Nigerian fitness chain; CardinalStone exits

By Dilasha Seth

  • 24 Feb 2024
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Verod Capital snaps majority stake in Nigerian fitness chain; CardinalStone exits
CardinalStone partners Yomi Jemibewon (left) and Femi Ogunjimi | Credit: CardinalStone

West African private equity investor Verod Capital has struck sixth deal from its third investment vehicle, picking a majority stake in Nigeria's leading fitness chain.  Verod Capital bought a 65% stake in iFitness, as Lagos-based private equity firm CardinalStone Capital Advisers fully monetized a six-year-old investment in a $12 million deal.  VCCircle ......

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