Verod Capital Management has officially exited its investment in TAG West Africa through its Verod Capital Growth Fund II. The exit comes as Transnational Academic Group (TAG), an existing shareholder, acquires Verod’s stake in the company. TAG West Africa is the operator of Lancaster University Ghana, a pioneering institution in the region’s higher education landscape.
Lancaster University Ghana, established in 2023 through a partnership between TAG West Africa and the UK’s Lancaster University, is located in Accra. It is the first and only research-active British university campus on mainland Africa. The institution offers foundation and undergraduate programs, with students graduating with globally recognized degrees from Lancaster University.
Verod initially invested in TAG West Africa in 2017. Over the course of the partnership, Verod played a key role in the university’s strategic development, including the relocation to a new, purpose-built campus with a capacity for approximately 3,000 students. This move significantly enhanced the student experience and academic environment. Additionally, Verod supported efforts to expand Lancaster University Ghana’s brand presence in Nigeria, a major source of student enrollment.
Trish Amoah-Ntim, Investment Principal at Verod, commented:
We partner with businesses that are making a positive impact. We invested in TAG West Africa to increase access to world-class tertiary education in the region, and we are proud to have played our part in delivering on this aim.
Ashwin Gautama, Group CFO at TAG, added:
As we reflect on this milestone, we extend our sincere gratitude to Verod for their steadfast partnership in elevating Lancaster University Ghana to new heights. Together, we have worked to shape thousands of young African minds and provide a strong foundation for their success. TAG remains firmly committed to broadening access to world-class education and empowering the next generation of African leaders.
This exit marks a significant milestone in Verod’s investment journey and underscores the firm’s commitment to supporting impactful, growth-oriented businesses across West Africa.
