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CardinalStone Partners Limited (“CardinalStone”) acted as the exclusive financial adviser to NEM Insurance Plc (“NEM” or the “Company”), on the equity investment by AFIG Funds LLP (“AFIG”), a private equity firm registered in Mauritius and headquartered in Dakar, Senegal. NEM Insurance is a non-life insurance company that commenced business in Nigeria in 1948, as Edward …

CardinalStone advises NEM Insurance Plc on equity investment by AFIG Funds Read More »

Lagos, November 15, 2021 –Healthtech startup, DrugStoc has raised USD 4.4 million in Series A funding to expand access to quality medicines while providing sustainable supply chain financing for healthcare providers in Sub-Saharan Africa. The funding round is led by Africa HealthCare Master Fund (AAIC), and other investors include Chicago-based venture firm Vested World and …

CardinalStone Partners Limited advises DrugStoc on its $4.4M Series A funding round Read More »

CardinalStone Partners Limited has announced the listing of the CardinalStone Financing SPV Plc N5 billion Series I Bond on FMDQ Securities Exchange Limited (the “FMDQ Exchange”). The Company successfully closed its Series 1 Bond, which is the lowest priced bond by any non-bank financial institution in Nigeria for a similar tenor in the last ten years. The …

CardinalStone Lists N5 billion Bond on FMDQ Read More »

CardinalStone Partners Limited, one of Nigeria’s leading multi-asset investment management firms, successfully completed its debut Commercial Paper issuance with a subscription of 148%. This impressive subscription level demonstrates investors’ confidence in the company and the ability of its management team to deliver value. The company had set out to raise N5 billion in the first tranche …

CardinalStone’s Debut Commercial Paper Issuance records 148% subscription Read More »