About Us


CardinalStone Capital Advisers ('CCA') is a Private Equity Investment Adviser operating out of Lagos Nigeria. At CCA, we seek to invest in high potential SMEs that can be nurtured to becoming segment champions in sectors that we deem strategic to the development of the local Nigerian and regional West African economies. Our mission is to become the most sought after investment partner, for the most discerning investors and business owners in the markets where we operate. We pursue this mission by combining a proprietary investment strategy, developed through unrivalled market insights, with a thematic and resourceful approach to investment execution and portfolio company support. Our objective, on every investment, is to create lasting value and success for our investor and investee partners alike

Our History


CCA was established in early 2016 following a spin-off from CardinalStone Partners, an independent investment banking firm in Nigeria. Prior to the spin-off, the CCA team operated as the Principal Investments Division of CardinalStone Partners where they executed 5 investments across different sectors. These investments cut across the financial services, building materials, agribusiness, logistics and storage services sectors of the Nigerian economy, and were carried out in line with the same thematic philosophy with which we continue to invest today. Through this, the CCA team has developed significant professional chemistry working together, while also amassing considerable practical investment experience and a strong relationship network across the local and regional business communities.

INVESTING


MARKET

With over 170 million people, a youthful population and a growing middle class, Nigeria's economy is increasingly primed for further diversification from its over-dependence on oil and is moving more towards a consumer-led growth. Certain sectors of the economy are particularly poised to serve as key catalysts and beneficiaries of this transformation. Many of these sectors, and sub-sectors within them, today primarily comprise less structured small businesses that have the potential to evolve into sector champions while leading this transformation process. Developing such sector leaders will not only require capital, but will also require varying degrees of nurturing and support towards establishing sustainable growth enterprises. CCA's strategy is to invest in high potential SMEs in such sectors, and to support their development towards becoming niche or segment leaders.

STRATEGY

At CCA, we take a generalist, yet thematic, approach to investing across the Nigerian economy. We seek to invest in businesses that have a high potential to become champions within sectors that are fundamental to the functioning of Nigeria's domestic economy. Though industry agnostic, we particularly seek out two categories of businesses:

Businesses with a B2B focus, in providing core supply chain products and services, in the agribusiness, industrials and FMCG sectors

Business and Consumer services-oriented businesses in the healthcare, education and financial services sectors

PORTFOLIO

Client

Investment: 2010
Sector: Oil & Gas Services
Thesis: Sector restructuring

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Client

Investment: 2010
Building materials
Thesis: Sector consolidation; Lateral diversification

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Client

Investment: 2013
Sector: Agribusiness
Thesis: Import substitution; Lateral diversification

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Client

Investment: 2015
Sector: Corporate Services
Thesis: Lateral diversification; Sector consolidation

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PEOPLE


Team

Client

Partner

Yomi Jemibewon

Client

Partner

Femi Ogunjimi

Client

Principal

Shirley Somuah

Client

Senior Associate

Kayode Temenu

Client

Associate

Abiola Olasoji

Client

Senior Analyst

Femi Fayose

Client

Analyst

Damilare Olutola

Client

Analyst

Eyituoyo Ajuyah

COMMUNITY

At CCA, we believe in responsible investing and in fostering inclusive growth for the communities within which our businesses operate. Throughout our existence, we have strived to cultivate a culture that encourages our employees and companies to harness their unique competencies towards uplifting and giving back to their host communities. Although our people and companies develop programs based on their chosen passions, from our unique perspective of the key challenges of our markets, we particularly encourage programs targeted at education and infrastructural development. Over the years, our programs have supported the academic training and sponsorship of several students as well as the construction or rehabilitation of several roads, borehole systems and classroom facilities within our host communities.

CAREERS

Our people are at the centre of all that we do; working passionately and diligently to create value for all our stakeholders. We invest in our people and are continuously creating opportunities for them to have dynamic careers. As a team, we work hard and play hard together, encouraging and celebrating excellence, while at the same time, always challenging the ordinary.

We invite you to join our team; apply here for current openings.