AfricInvest and Verod Capital acquire stake in iSON Xperiences

Key Takeaways

The acquisition of a majority stake in iSON Xperiences by Verod Capital and AfricInvest is significant for all parties involved and carries broader implications for the private equity landscape in Nigeria and Africa. For Verod Capital and AfricInvest, it represents an opportunity to tap into the growing BPO and digital customer experience sector in Africa, diversifying their portfolios. It also aligns with the trend of private equity firms increasingly targeting technology and digital service companies on the continent. For iSON Xperiences, this partnership provides the necessary capital and expertise to expand its service offerings and enter new markets, ultimately enhancing its competitive position and driving growth. In the context of the broader private equity landscape, this deal showcases the attractiveness of investing in technology-driven solutions in Africa, where the demand for digital services and outsourcing is on the rise. It underlines the potential for private equity to drive innovation and growth in the region's fast-evolving technology and services sectors.