Exclusive: Baobab Nigeria acquisition delivers 3x return for Alitheia and Goodwell
- Baobab fully acquired its local subsidiary, Baobab Nigeria.
- This acquisition marks the first exit for Alitheia Capital and Goodwell Investments from the uMunthu Fund.
- The uMunthu Fund achieved a 3x return on its original investment in Baobab Nigeria.
The successful acquisition of Baobab Nigeria illustrates the potential for growth in the African financial sector, despite current challenges in private capital exits. This case could serve as a model for future investments in the region, emphasizing the importance of patient capital and strategic governance.
