Meristem Capital Limited is pleased to have acted as the Sole Financial Adviser to Yikodeen Company Limited (“Yikodeen”) in its recent equity capital raise.

Yikodeen is a leading Nigerian manufacturer of footwear and leather products, renowned for its dedication to innovation and excellence in delivering high-quality products that meet customer expectations and regulatory standards.

Our advisory role was instrumental in facilitating a strategic equity investment from Aruwa Capital Fund II (ACF II), aimed at accelerating Yikodeen’s growth journey. This investment has enabled:

• A significant boost in production capacity through the acquisition of modern machinery
• Enhanced operational efficiency
• Expanded market reach across Nigeria and the broader West African region

This transaction represents a pivotal milestone in Yikodeen’s evolution and underscores the vital role that private capital plays in unlocking value within Nigeria’s real economy. It highlights how well-structured financial partnerships can help local enterprises scale sustainably and compete globally.

We extend our heartfelt congratulations to Yikodeen and Aruwa Capital on this achievement.

At Meristem Capital Limited, we are proud to support visionary African businesses and remain committed to delivering bespoke advisory solutions that drive sustainable growth and long-term impact across key sectors of the economy.