London, November 2018
Global private investment firm TLG Capital announced today an investment of $11.5m in Grace Lake Partners (GLP) Nigeria, through its Credit Opportunities Fund. GLP is an investment and advisory firm based in Lagos, Nigeria with a philosophy of creating shared value. GLP who are JC Decaux’s exclusive partners in Nigeria, build and operate profitable businesses that address important societal needs in Nigeria while creating economic value.
With the investment, TLG will further demonstrate its commitment to investing in impact driven businesses in Sub Saharan Africa (SSA). The partnership will allow TLG Capital to expand its investment portfolio to Nigeria, giving them exposure to all of GLP’s businesses including its flagship investment in JCDecaux Grace Lake (the Nigerian Subsidiary of JC Decaux, the world’s Number 1 outdoor advertising company). TLG’s investment provides GLP with the growth capital to expand its advertising, pharmaceutical & medical retail and data analytics businesses across West Africa.
Speaking on the investment, Jide Odunsi, co-Founder of GLP said. “We are delighted to announce the partnership with TLG Capital as it represents a major step forward in our mission and drive to ‘Build a Nigeria we can be proud to call home’. TLG’s investment will support our vision of becoming Nigeria’s preeminent investment firm that builds and operates profitable businesses that address important societal needs in Nigeria”.
Saad Sheikh, Principal Private Investments at TLG Capital said: “With our investment in Grace Lake Partners, we believe there is significant opportunity to help accelerate the expansion of the company’s businesses in Nigeria. We are committed to the growth story of Sub Saharan Africa and this being our first private investment in Nigeria, are excited to be part of the largest economy on the continent. Through our partnership with Grace Lake Partners, we look forward to supporting their portfolio of high-quality businesses, making this an exciting step forward in our fund’s continued efforts to support growth and job creation in SSA. We look forward to a fruitful relationship with GLP that helps them reach their full potential.”
“We are committed to the growth story of Sub Saharan Africa and this being our first private investment in Nigeria, are excited to be part of the largest economy on the continent. ”
About Grace Lake Partners: Founded in 2014, GLP is an investment and advisory firm based in Lagos, Nigeria. Based on the philosophy of creating shared value, GLP builds and operates profitable businesses that address important societal needs in Nigeria while creating economic value for GLP and its shareholders. GLP’s core mission is to “build a Nigeria we can be proud to call home”. Today, the company has an extensive portfolio of companies ranging from Outdoor advertising to pharmaceutical retail. The company’s is positioning itself as a shared value venture studio. Find out more about Grace Lake Partners.