CardinalStone Advises ACA on Full Divestment from Aradel Holdings PLC
CardinalStone Partners Limited and CardinalStone Securities Limited are pleased to announce that they acted as the exclusive Financial adviser and Stockbroker respectively to Capital Alliance Private Equity IV Limited (“CAPE IV”) on the full divestment of its equity stake in Aradel Holdings PLC (“Aradel” or “the Company”). CAPE IV is a private equity fund sponsored by leading private equity firm, African Capital Alliance Limited (“ACA”)
The transaction, which is the largest secondary sale of shares in Nigeria’s energy sector, underscores investor confidence in Aradel as an indigenous energy leader and highlights the Nigerian Exchange’s (NGX) growing capacity to facilitate complex, high-value transactions as well as the ability of indigenous institutions to deliver results.
ACA has a track record of backing high-potential African enterprises and has consistently demonstrated its ability to create long-term value for investors through disciplined capital deployment and responsible exits. This divestment reflects ACA’s strategy, reinforcing its reputation as a pioneer in private equity investment across the African continent.
Aradel Holdings PLC, an integrated energy company with operations spanning the entire energy value chain, has consistently demonstrated resilience and strong governance. This transaction underscores Aradel’s ability to attract strategically aligned, long-term investors reinforcing its market leadership in Nigeria’s energy industry.
Elile Olutimayin, Executive Director of CardinalStone Partners, commented: “We are proud to have advised on a transaction of this scale; its successful execution highlights CardinalStone’s ability to deliver world-class solutions and to support seamless exits for private equity investors. We believe this transaction is a vote of confidence in Nigeria’s energy sector and in Aradel’s future growth trajectory as one of the country’s leading energy players.”
Olugbenga Adetoro, Partner at ACA, added: “We are delighted about the successful transaction and the role CardinalStone played in facilitating the process. Their demonstrated expertise, tenacity and professionalism ensured a seamless outcome that has resulted in value creation for our partners while positioning Aradel for sustained growth.”
CardinalStone Partners Limited and CardinalStone Securities Limited are part of an independent, multi-asset, full-service investment banking group offering an assortment of financial services to a diverse institutional, high net worth and retail clientele base. CardinalStone Securities has maintained its position as the #1 securities firm on the NGX by value for three consecutive years (2022-2024) and has executed over N4 Trillion in capital market and M&A transactions. CardinalStone was recently recognized by Euromoney as “Africa’s Best Broker”.
