Location: Lagos, Nigeria
Sector: Entertainment
Investment Status: Current
Instagram: asurffilms
Kitovu has successfully collaborated with 16,500 smallholder farmers across nine states in Nigeria, operating in the cassava, tomato, and grain value chains, offering three distinct services: eProcure, YieldMax, and StorageX.
Location: Oyo State, Nigeria
Sector: Commodities Trading
Investment Status: Current
Website: https://kitovu.com.ng/
Aurelia is a mineral development and exploration company incorporated to explore mining opportunities for gold, lithium and other mineral resources.
In 2014, Aurelia, through its wholly owned Nigerian subsidiary, Iron Ore Mining Limited, acquired a mining license to mine gold, silver and lead at the Babban Tsauni Mining site located just outside Abuja. The licensed area spans approximately 49.83 km². Aurelia is in the early stages of mineral exploration and development.
MCM provided capital to finance its preliminary mining program at the Babban Tsauni mining site.
Location: Abuja, Nigeria
Sector: Mining and Mineral Resource
Investment Status: Current
Website: https://aureliamining.com/
Crestech Engineering Limited offers engineering and project management services to oil and gas companies in Nigeria.
Crestech’s range of services, for both greenfield and brownfield facilities, includes Conceptual and Feasibility Studies, Front End Engineering Design (FEED), Detailed Engineering Design, Project Management, and Procurement Services.
MCM provides working capital to enhance its operational capabilites.
Location: Lagos
Sector: Oil & Gas
Investment Status: Current
Website: https://crestechengineering.com/
Sheffy Production is a prominent film production company that specialises in producing films, documentaries, and TV commercials.
Some of its notable works include Indigo Tongues(2023), Mixed Feelings(2021), Dazzling Mirage(2014), Full Circle(2021) , Lasgidi(2014), Midlife Blues(2022), and Someone Special (2019). Sheffy has executed a contract with Amazon Prime Video to deliver a comedy film Project.
MCM provided the necessary capital to meet the production requirements associated with the project.
Location: Lagos, Nigeria
Sector: Entertainment
Investment Status: Current
Instagram: sheffythefilmmaker
Gold Lilies Production is a film and television development company. Gold Lilies gained recognition for its theatrical production, most notably the two-part stage play titled Osamede, which explores the historical context of the ancient Edo Kingdom.
This production was showcased at the Muson Center and garnered a total of 12 live performances throughout the year 2022, receiving positive feedback from audiences. The acclaim received by the play served as the primary impetus for its adaptation into a feature film.
MCM provided the necessary capital to meet the production requirements associated with the project.
Location: Lagos, Nigeria
Sector: Entertainment
Investment Status: Current
Website: https://goldlilies.com
Elereka Group is a holding company that manages two beauty and wellness hubs: The Nail Boutique and Groomed by Elereka.
The Nail Boutique stands out as an upscale nail salon, offering a distinctive approach to both natural nails and nail enhancement techniques. Groomed by Elereka presents a luxurious barbing salon designed to transform the traditional barbershop experience in Lagos.
MCM’s investment provided the necessary capital to help Elereka Group expand its operations and broaden its range of services and products.
Location: Lagos, Nigeria
Sector: Beauty and Wellness
Investment Status: Current
Website: https://groomedbyelereka.com/
Catapult Group Proprietary Limited previously known as Lonsa Everite, is a holding company with subsidiaries that manufacture and distribute building materials.
Catapult is based in South Africa and distributes globally to other Southern African Countries, the United States of America and Europe. Catapult plans to expand its export base to cover Canada and West Africa.
MCM provided capital to bolster its balance sheet and assist its geographical expansion.
Location: South Africa
Sector: Real Estate & Construction
Investment Status: Current
BRS Studios is a joint venture comprising three film production companies: Blue Pictures, Ramsey Films, and Sozo Films, formed to develop high quality film and television content.
The first project delivered by the BRS collective was the Netflix-featured movie “Tòkunbò” (2024), which was one of the most-streamed titles in Nigeria in 2024.
BRS is developing a three-film slate for release in cinemas and on streaming platforms in 2025 and 2026.
MCM provided the necessary capital to finance the production of the slate.
Location: Lagos, Nigeria
Sector: Entertainment
Investment Status: Current
Website: https://brsstudios.org/
Nemsia Studios is a film production company established with a vision to create compelling narratives. The studio’s notable works include Before 30 (2015), Banana Island Ghost (2017), God Calling (2018) and Breath of Life (2023).
In 2023, Nemsia executed a 12-slate movie contract with Amazon Prime Studios. Some of the movies included in the slate are: Soft Love (2024), With Difficulty Comes Ease (2024) , A Green Fever (2024) and Suky (2025).
MCM provided financing for the production of the 12 titles under the slate with Amazon Prime Studios.
Location: Lagos, Nigeria
Sector: Entertainment
Investment Status: Current
Website: https://nemsiastudios.com/
Natives Filmworks and Michelangelo Productions are two prominent Nigerian film production companies that have formed a strategic partnership to elevate Nollywood storytelling and nurture emerging talent. Their portfolio includes films such as A Place in the Stars (2014),93 Days (2016), Living in Bondage: Breaking Free (2019).
In 2023, Natives Filmworks and Michelangelo Productions executed a 12 movie slate contract with Amazon Prime Studios. Some of the titles included in the slate are: Love & Life (2023), Katangari Goes to Town (2024), A Danfo Christmas (2024), At Ease (2024), It Blooms In June (2024), Cake (2024), A Fathers Love (2024) and Kill Boro (2024).
MCM provided financing for the production of the 12 titles under the slate with Amazon Prime Studios.
Location: Lagos, Nigeria
Sector: Entertainment
Investment Status: Current
Website: https://www.nativesfilmworks.com/
MCM Power is a wholly owned subsidiary of MBO Capital Management Limited. It was registered in 2021 as a holding company to invest in power companies that develop power solutions.
MCM Power’s marquee investment is in Utilita Energy Limited, an energy infrastructure company with capabilities across all aspects of the power value chain.
Location: Lagos, Nigeria
Sector: Energy – Power Sector
Investment Status: Current
NBA Africa is established to promote the sport of basketball across the African continent and to oversee the Basketball Africa League (BAL).
This newly formed league is the result of a collaborative effort between the NBA and the International Basketball Federation (FIBA). BAL is one of the NBA’s initiatives to operate a league outside the borders of North America.
MCM invested in NBA Africa to kickstart BAL and tap into the potential for basketball growth throughout Africa.
Location: Lagos, Nigeria
Sector: Sports and Entertainment
Investment Status: Current
Website: https://nbaacademy.nba.com/
Retail Supermarkets Nigeria Limited (RSNL) operates the Shoprite franchise in Nigeria.
Shoprite is a hypermarket chain with 25 stores across 11 states and the Federal Capital Territory.
MCM provides advisory services and also owns equity in the retail business.
Location: Nigeria
Sector: Retail
Investment Status: Current
Website: https://www.shoprite.com.ng/
AfyA Care is an integrated healthcare company that focuses on improving care quality through the use of skilled human resources and technology.
The organisation was founded to invest across the healthcare value chain to improve accessibility and quality of healthcare services.
AfyA Care operates several medical facilities and services, including: R-Jolad Hospital, EROM Diagnostic, Beta Pharma, Octosoft Technologies, and Bastion Health.
MCM holds an equity stake and also provides capital for AfyA Care to support its expansion plans and acquisition of other healthcare facilities.
Location: Lagos, Nigeria
Sector: HealthCare
Investment Status: Current
Website: https://afya.care/
Sourcing & Produce Limited is a commodities trading company specialising in the procurement and distribution of agricultural products sourced from Africa for international markets.
S&P deals in a variety of commodities, including ginger, cashew nuts, orange peels, hibiscus, chilli peppers, sesame seeds, groundnuts, and desiccated coconut.
MCM owns an equity stake in S&P and provides working capital financing for the aggregation of their commodities.
Location: Lagos, Nigeria
Sector: Commodities trading
Investment Status: Current
Website: https://sourcingandproduce.com/
Metrowaves Sports & Infrastructure Limited is a Nigerian company dedicated to the development of large sports and entertainment facilities.
Their flagship initiative is a proposed 12,000-seat indoor multipurpose venue (“The Arena”) in Lagos.
The Arena is designed to accommodate a wide range of events, from sports competitions to concerts and cultural exhibitions.
MCM provided capital to finance the development of the Arena.
Location: Abuja, Nigeria
Sector: Sports and Entertainment
Investment Status: Current
FCSL Asset Management Limited (FCSL) is a financial services company providing investment services to both individuals and corporates.
It is registered and licensed by the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE), operating as an Issuing House and Broker-Dealer. In addition, FCSL owns an asset management license.
The services offered by FCSL include investment banking, investment management, securities brokerage, and research services.
MCM invested in FCSL to expand its footprint in the financial services industry.
Location: Lagos, Nigeria
Sector: Financial Services.
Investment Status: Current
Website: https://www.fcslng.com/
Sterling Realities Development Company Ltd. (SRDC) is a wholly owned real estate and property development company of MBO Capital.
Their flagship project is the Mayegun Beach Estate, a primary residential lifestyle estate spanning 55 hectares of beachfront land in Lekki, Lagos, Nigeria.
MCM provided financing for the acquisition and development of Mayegun Beach Estate.
Location: Lagos, Nigeria
Sector: Real Estate – Residential
Investment Status: Current
Website: https://maiyegunbeachestate.com/
Sterling Virtual Offices (SVO) is a Lagos-based provider of serviced office space.
SVO offers a variety of office services, including serviced offices, virtual office solutions, mail forwarding, business support, among others.
Sterling Virtual Offices is a wholly owned subsidiary of MBO Capital.
Location: Lagos, Nigeria
Sector: Serviced to Business Services
Investment Status: Current
Website: https://sterlingvirtualoffices.com/
Greoh Studios (“Greoh”) is a Nigerian film and TV production company founded by Jade Osiberu with a focus on telling stories about the African experience.
Greoh has a reputation for delivering critically acclaimed movies. All 5 feature films released by Greoh have been in the top 5 highest earning films in their year of release. In 2022, Amazon signed a 3-year production deal with Greoh, for Greoh to develop and produce original scripted TV series and feature films for Amazon.
Location: Lagos, Nigeria
Sector: Entertainment
Investment Status: Exited
Website: https://greoh.com/
Date of Exit: 2024
Radix Pension Managers Limited (“Radix Pension Managers”) is a licensed Pension Fund Administrator (PFA) in Nigeria.
MCM invested in Radix Pension Managers following the recapitalisation requirement enforced by the National Pension Commission (PENCOM).
Location: Lagos, Nigeria
Sector: Financial Services – Pension Funds Administrator
Investment Status: Exited
Website: https://radixpension.com/
Date of Exit: 2024
Emerald is focused on the energy and social infrastructure sectors and is located in the Calabar Free Trade Zone, Cross River, Nigeria.
The company has production lines for the assembly and manufacture of Solar Home Systems (SHS) components and Smart Meters and has been granted a Local Meter Manufacturer/Assembler (LMMA) license by the Nigerian Electricity Regulatory Commission.
Location: Calabar, Nigeria
Sector: Engineering
Investment Status: Exited
Website: https://emeraldcfze.com
Date of Exit: 2023
Inkblot Productions Ltd (“Inkblot”) is a film production company based in Lagos State that produces feature films and television series.
MCM invested in Inkblot’s three-movie slate, including the sequel to the blockbuster movie ”The Wedding Party” as well as “Moms at War” and “New Money”.
The investment was made through a private entity established specifically for the movie projects.
Location: Lagos, Nigeria
Sector: Entertainment – Film Production
Investment Status: Exited
Website: https://ink-blot.tv/
Date of Exit: 2022
MBO Capital Management Limited is regulated by the Securities and Exchange Commission of Nigeria and is authorized to act as a Private Equity Fund Manager.
