Verod Acquires a Minority Stake in Upstream Oil and Gas Business SacOil (Sub-Saharan Africa)

Source: Verod Capital Management

Verod Capital Management, a Nigeria-based private equity firm, has acquired a minority stake in South Africa-based upstream oil and gas business SacOil Holdings. SacOil intends to acquire and develop near production assets across Africa, building a portfolio while seeking partnerships with local and international oil and gas companies. Financial details of the transaction were not disclosed.