
ACA exits First Hydrocarbon Nigeria Company limited (FHN)
July 5, 2013 – Capital Alliance Private Equity III (“CAPE III”), an ACA-managed fund, has realized its equity investment in First Hydrocarbon Nigeria Company Limited (FHN), an indigenous exploration & production company in Nigeria.
FHN was established by UK-listed Afren Plc in direct response to the Nigerian government’s policy to increase...

Cape III invests $75m in Union Bank of Nigeria PLC
September 2012 – African Capital Alliance (ACA) led a consortium of international investors (Union Global Partners) to recapitalize Union Bank of Nigeria Plc (UBN). The Consortium invested $500 million for a controlling stake in the bank. ACA invested $75 million as part of the Consortium.Union Bank, the former Barclays Bank in Nigeria, has operated for nearly a...
