
ACA Announces Full Divestment from Aradel Holdings PLC
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.

ACA Foundation launches Ethical Living Project 2.0 for 2025
The ACA Foundation is excited to announce the launch of the Ethical Living 2.0 project for 2025, our flagship initiative aimed at instilling integrity, leadership, and social responsibility in Nigerian Youth!
This impactful program will reach over 2,000 secondary school students across Lagos State, equipping them with the values and skills necessary to thrive in today’s world.
The Foundation is committed to shaping ethical leaders for a brighter future for the country and beyond —and it all begins with our youth!

Aradel Holdings Plc, has been listed on the NGX
ACA is proud to announce that its portfolio company, Aradel Holdings Plc, has been listed on the NGX. This significant step is a testament to the company’s remarkable growth journey and commitment to innovation and excellence in the energy sector.
Congratulations to the entire Aradel team on this remarkable achievement! ACA is proud to have worked with and supported Aradel on this journey.

Eno Atoyebi to speak at The Colloquium 2024
Eno Atoyebi, Managing Director of ValuAlliance Asset Management Limited, is scheduled to speak at The Colloquium in 2024.
Eno Atoyebi, Managing Director of ValuAlliance Asset Management Limited, will be a panellist at The Colloquium 2024. Eno will share useful insights on strategies that shaped her career journey, highlighting the resilience needed to succeed in a constantly changing economic environment.

ValuAlliance Money Market Fund Attains an A+(f) on its Annual Fund Risk Rating
ValuAlliance is pleased to announce that the fund risk rating of its Money Market Fund has been reviewed upward from A(f) to A+(f) by Agusto & Co., one of Nigeria’s rating agencies. The rating reflects the Fund’s low exposure to credit, liquidity, and interest rate risks and the strict adherence to regulatory and internal guidelines.
Within the review period (March 2021 – February 2022), the Fund held an average of 30% of net assets in Federal Government of Nigeria (FGN) securities, which are rated ‘Aaa’ on the national rating scale.
Funds rated ‘A+(f)’ are believed to have low to moderate exposure to downside risk (impairment to the net asset value) in the medium term. The Fund’s main objective is to continue providing investors with a steady return on capital, liquidity, and capital preservation by making credible investments in a diversified portfolio of high-quality, short-term money market instruments.
About the ValuAlliance Money Market Fund
ValuAlliance Money Market Fund is an open-end collective investment scheme promoted and managed by ValuAlliance Asset Management Limited (‘ValuAlliance’)- a wholly-owned subsidiary of the African Capital Alliance (ACA) Group.
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