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ECP takes on Lionstone founder to lead Nigeria operations

13 Feb 2012

Pan-African private equity firm Emerging Capital Partners (ECP) has hired Lionstone Group founder Amaechi Ndili to lead the firm’s Nigeria operations.

Based in Lagos, Ndili will work closely with a number of ECP’s portfolio companies, as well as sourcing new investment opportunities.

Born in Nigeria, Ndili is the founder and executive chairman of Lionstone Group, a proprietary investment and holding company with large stakes in offshore marine services as well as the hospitality industry in West Africa.

Through its investments in Lionstone Energy & Marine Services – a joint venture with Hercules Offshore West Africa, and Golden Tulip West Africa – a joint venture with Louvre Hotel Group and Starwood Capital, Lionstone has become one of the largest operators of liftboats and hospitality assets in West Africa.

Previously, Ndili was a managing director in the Real Estate Group at GE Capital. Prior to GE Capital, he was an associate manager at McKinsey, specialising 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.”

ECP also recently announced that it had netted a 1.5 times return after selling its 24.9 per cent stake in Batim Africa, an Ivory Coast-based company specialising in land development and housing construction.

The sale follows the acquisition of 92 per cent of the shares of Batim Africa’s holding company, Colina Group, to Moroccan insurer Saham Group. Financial terms of the deal were not disclosed.

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