Verod Capital Management’s $115 Million Acquisition of Metropolitan Life Insurance Nigeria Limited


Aluko & Oyebode is pleased to have advised Metropolitan International Holdings (Proprietary) Limited and its affiliates (“MMI”) in connection with the divestment by MMI of its entire shareholding in Metropolitan Life Insurance Nigeria Limited.

The transaction involved the provision of advice to MMI on the sale of the entire shareholding of Metropolitan Life Insurance Limited by MMI to Oreon LMS Limited, (a subsidiary of Verod Capital Growth Fund II, a US$115 Million private equity fund managed by Verod Capital Management Limited).

The Firm’s team on the transaction was led by Mergers and Acquisitions Partner, Ayodeji Oyetunde (Picture), who was assisted by Senior Associate, Lotanna Nwodo and Associates, Chidiebere Odoemenam and Chiderah Azodoh.

Involved fees earner: Chiderah Azodoh – Aluko & Oyebode; Chidiebere Odoemenam – Aluko & Oyebode; Ayodeji Oyetunde – Aluko & Oyebode;

Law Firms: Aluko & Oyebode;

Clients: MetLife -Metropolitan Life Insurance Company;

Author: Andrea Canobbio