Capital Alliance Private Equity IV Limited (“CAPE IV”), a private equity fund sponsored by leading private equity firm African Capital Alliance Limited (“ACA”), is pleased to announce its full equity divestment from Aradel Holdings PLC (“Aradel” or the “Company”).

Aradel is one of Nigeria’s leading indigenous energy companies, and ACA’s investment in the Company was underpinned by a strong conviction in the growth potential of Nigeria’s indigenous energy sector, particularly the emergence of integrated and resilient energy platforms. Throughout the period of our partnership, ACA has worked alongside the Company’s management to unlock operational and commercial value, enhance governance and support expansion across the energy value chain. ACA’s hands-on value creation efforts combined with Aradel’s robust operational outperformance contributed to deliver a successful investment for CAPE IV.

CAPE IV’s final divestment from Aradel follows the Company’s successful Listing by Introduction on the Nigerian Exchange (NGX) in October 2024. ACA worked closely with Aradel’s board and management on strategic planning, operational discipline, and positioning for capital markets access. The culmination of this work was the successful NGX listing, providing a high-quality exit route for CAPE IV whilst serving to deepen the domestic capital market.

Our full divestment underscores our confidence in Nigerian capital markets and the efficiency of the NGX to execute exits for private equity investors.

Olugbenga Adetoro, ACA Partner & Transaction Lead, commented: “The successful sale of the CAPE IV stake in Aradel, following its successful public listing last year, is a testament to ACA’s disciplined approach to capital deployment, active portfolio management, and well-timed exit execution while creating long-term value for our investees”.

ACA is a leading pan-African investment firm, sponsoring funds and managing portfolio investments across sub-Saharan Africa. Over the last 27 years, ACA has sponsored four CAPE private equity funds, partnering with a diversified pool of domestic and international institutional investors which have committed over $1.2 billion in aggregate capital commitments. ACA’s longstanding experience investing across market cycles has enabled the delivery of significant impact outcomes and attractive returns for our investors.

While CardinalStone Partners Limited and CardinalStone Securities Limited (“CardinalStone”) acted as the exclusive financial adviser and stockbroker respectively on the transaction, Aluko & Oyebode acted as legal adviser to CAPE IV.