Monday, 24 November 2014
Last updated 2 days ago
Feb 13 2012 | 7:44am ET
African private equity firm Emerging Capital Partners has tapped Lionstone Group founder and executive chairman Amaechi Ndili to lead its Nigeria operations.
In his new post, Ndili will be based in Lagos and will work closely with a number of ECP’s portfolio companies, “driving strategic and operational improvements as well as sourcing new investment opportunities.”
Nigerian native Ndili’s Lionstone Group is a proprietary investment and holding company with significant holdings in offshore marine services as well as the hospitality industry in West Africa. Prior to Lionstone Group, Ndili was a managing director in the real estate group at GE Capital Corporation. Prior to GE Capital, he was an associate manager at McKinsey, specializing in the power industry.
“West Africa continues to be one of the fastest growing regions in the world and ECP is dedicated to seizing the resulting opportunities for its portfolio companies and for its investors. Amaechi’s appointment reinforces the deep operational experience on the ground in Nigeria and brings an expert new perspective to the table,” said Hurley Doddy, co-founder, managing director and co-CEO of ECP. “Amaechi has a long and successful track record of producing results in a region where trust, personal relationships and respect are at a premium, and as such, we are delighted to welcome him to lead ECP’s Nigerian operation.”
Emerging Capital Partners characterizes itself as “the first private equity firm to raise more than US$1.8 billion for growth capital investing in Africa.” Founded in 2000, ECP today has investments in more than 50 African companies through seven funds.
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