Oasis Capital successfully exits investment in Legacy Girls College
Oasis Capital Ghana, an SME growth equity investor in West Africa, is delighted to announce the successful exit of its holdings in Legacy Girls College (LGC), a leading educational institution based in Ghana catering exclusively to female students.
This achievement marks a significant milestone as it represents the first complete exit from the Oasis Africa Fund I.
Starting operations in 2015, LGC has firmly established itself as a respected name in the education sector in Ghana, fulfilling its commitment to empowering young women to become ethical and dynamic leaders.
Throughout the partnership with Oasis, the school has experienced remarkable growth with the student population having grown more than ten-fold. The institution has also chalked success with student academic results in both WASSCE & Cambridge curricula, and with its community engagement.
Mr. Matthew Boadu Adjei, Chief Executive Officer at Oasis, noted, “During the investment period, we have supported the promoters in actualizing their vision for the school. We have helped strengthen corporate governance and significantly expanded both digital and physical infrastructure, all of which are critical for sustained business success. We are proud of the school’s strides in the past five and a half years, and we look forward to their continued
success.”
The Founders of the school, Dr. Mrs. Ellen M Hagan & Mrs. Essie Anno Sackey, highlighted, “Our partnership with Oasis Capital, enabled us to expand Legacy Girls’ College to reach a critical mass rapidly. We are indeed very grateful for this assistance, received in a timely manner, which was required to aid the growth of the school.”
About Oasis Capital
Oasis Capital Ghana (“Oasis” or the “Fund Manager”) is an SME growth capital fund manager based in Ghana and operating the West Africa sub-region. Oasis currently manages the Ebankese Venture Fund (EVF), a US$13.0 million venture fund focused on SMEs in Ghana and Oasis Africa VC Fund (OAF), a US$50.5 million fund investing in SMEs operating in Ghana and Cote D’Ivoire.
We provide risk capital in the form of equity, quasi-equity and profit-sharing facilities to entrepreneurial businesses in Africa. We also offer investee companies Business Development Services (BDS) as part of our value proposition. By combining finance and BDS, Oasis can leverage its analytical approach to mitigate risk better, improve our client’s business models and realize sustainable returns for our stakeholders.
Source: Ghana News
