Verod Capital Management Limited ("Verod") is pleased to announce the successful exit of Verod Capital Growth Fund II from TAG Investments EW Africa Limited ("TAG West Africa") with Transnational Academic Group Limited (existing shareholders) acquiring Verod’s stake. TAG West Africa owns and operates the Lancaster University Ghana campus in academic partnership with Lancaster University, UK. 

TAG West Africa in 2013, partnered with Lancaster University, UK to establish Lancaster University Ghana. Based in Accra, it is the first and only research active British university campus in mainland Africa and offers courses at foundation and undergraduate levels. Students graduate with an internationally recognised Lancaster University degree certificate, opening up opportunities for work and/or further learning.  

Verod partnered with TAG West Africa in 2017 to support Lancaster University Ghana in bridging the gap in quality tertiary education in the region. Over the investment period, Verod worked closely with the company to: 

• Relocate Lancaster University Ghana to a new campus with capacity for around 3,000 students, significantly enhancing the student experience. 

• Broaden the University’s brand visibility in Nigeria which is a strategic student source country. 

• Strengthen ESG practices, embedding best-in-class environmental, social, and governance standards into the business. 

Trish Amoah-Ntim, Investment Principal at Verod, said:  

“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, said: 

“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.” 

About Verod 

Verod is a leading investment firm in Africa backed by global public and private investors. Since it was founded in 2008, Verod has raised more than $360 million and made more than 40 investments across three funds. Impact is at the heart of Verod’s mission. In 2024, Verod became the first private equity fund worldwide to achieve a Best-in-Class 2X Certification – the global standard for gender lens investing.  

About Transnational Academic Group 

Founded in 2007, Transnational Academic Group Limited (“TAG”) was established to build human capital in emerging markets through the delivery of high-quality, globally recognised education. TAG launched its first university campus in Dubai in 2008 in partnership with Murdoch University Australia. TAG established its second university campus, Lancaster University Ghana, in partnership with Lancaster University UK in Ghana in 2013 and its third campus, Curtin University Dubai, in partnership with Curtin University Australia in 2017. TAG also owns ABN Training Institute in South Africa. 

Contact 

To find out more, get in touch with us at ircomms@verod.com