The Meridian

The Meridian Transaction Tracker

Alitheia Capital and Goodwell exit Baobab Nigeria to Baobab Group

Alitheia Capital and Goodwell Investments, through the uMunthu fund, sold their stakes in Baobab Microfinance Bank Nigeria to its parent, Baobab Group, completing an investment first made in 2012. TechCabal reported the exit on 21 March 2025, with a 3x return on the investment. Value and legal advisers were not disclosed. The Meridian BriefingGet the…

Alitheia Capital and Goodwell Investments, through the uMunthu fund, sold their stakes in Baobab Microfinance Bank Nigeria to its parent, Baobab Group, completing an investment first made in 2012. TechCabal reported the exit on 21 March 2025, with a 3x return on the investment. Value and legal advisers were not disclosed.

The Meridian Editorial Team

Andrew U. — Editorial Director | Damilare A. — Intelligence Director | Amaka Nwoye — Senior Legal Research Analyst | Salome Mensah — Market Intelligence Analyst | May Ndlovu — Editorial Researcher | K.K. Lawal — Senior Correspondent | The Meridian’s editorial team brings experience across West African legal markets, commercial law, market intelligence and structured research. Our standard is simple: evidence first, independent judgement, and analysis grounded in how legal work happens in practice.

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