News

This is our latest news. For questions and information please contact:

Omari Thomas, Head of Client & Investor Relations: +1 212 401 8691 Ext 704

 

Discoverpoint Inks MoU with Deap Capital

October 2011 -- Discoverpoint signs a Memorandum of Understanding with Deap Capital Management and Trust PLC. ("Deap") a publicly listed Investment Management Group based in Lagos, Nigeria. Discoverpoint  is setting up a joint venture partnership structure with Deap that will give rise to Deap Global Holdings Limited, ("DGHL") a holding company that will own and operate a merchant bank and other financial services companies. Discoverpoint is planning to inject circa $150MM in capital into the holding company; restructure and transform Deap into a Merchant Bank. “With the holding company structure in place, we are looking to position Deap as a global financial services institution with access to the world largest capital markets.” said Kris Oribabor, CEO of Discoverpoint. “Since we formed Deap in 2003, we have strived to be recognized as an innovator within the Nigerian investment management sector,” said Emmanuel Ugboh, CEO of Deap. “We are pleased to receive the support from Discoverpoint on our global expansion plans and look forward to growing the company and the Deap brand with a focus on creating maximum shareholder value and strong return for our investors.” 
For more information on Deap visit www.deapcapital.com

 

Discoverpoint Intensifies its Oil & Gas Deal Flow

July 2011 -- In the past quarter, Discoverpoint has focused on the Indigenous Nigerian E&P Companies that are currently seeking financing for their assets and has made significant progress in the market. "We are currently in discussions with some very attractive upstream asset owners and have also signed mandates with others. We are looking to select the right transactions and close on them before the end of the year", - Gbenga Sonuga, Partner & Group Head Nigeria.

 

Discoverpoint Launches Energy & Resources Platform 

February 2011 -- Discoverpoint recently launched its Energy & Resources Platform called "Discoverpoint Energy"; with this platform Discoverpoint is going after opportunities in the Pan African market with a concentration on Oil & Gas  and Metals & Mining Sectors. The purpose of this platform is to provide the much needed capital to fund the opportunities in the Company's deal flow pipeline. The platform will be rolled out in 2 phases; Oil & Gas in March 2011 and Metals & Mining in September 2011.

 

Discoverpoint Increases its Holdings 

January 2011 -- Discoverpoint completes a Management Buy In ("MBI"), and brings a new Partner to the group. Christopher White joins the group as a Partner.  Mr. White brings with him a wealth of experience in both USA and African markets with respect to capital transactions and deals. 

 

Discoverpoint Moves to Wall Street 

December 2010 -- Discoverpoint relocates it Global Head Quarters to New York. In an effort to bring visibility of the opportunities that Africa has to offer, Discoverpoint moves to the heart of the global financial district, Wall Street.  "This strategic move give us better access to the investor groups that have an appetite for emerging market type transactions." - Omari Thomas, Senior Partner.

 

Discoverpoint Completes Investor Road Show in Lagos, Nigeria 

November 2010 -- Discoverpoint takes a group of USA investors for a road show in Lagos, Nigeria. The investors featured a Banking Institution, a Trucking Company, a Risk Management Group and a Printing Equipment Group. These investors have a strong interest in Nigeria and its growing market capacity and are looking to complete deals in the upcoming months with the opportunities that were introduced to them on this trip.

 

Discoverpoint and DMA Complete a Dual-Sided M&A

April 2010 -- Discoverpoint reaches an agreement and places a strong stake in the African market by completing dual-sided Merger & Acquisition with DMA Capital Group Ltd. The result is both groups coming away with a separate entity called Discoverpoint DMA Capital Ltd. (A Discoverpoint DMA Company). The purpose of the newly formed entity is to take advantage of the joint opportunities that the USA has to offer Africa and vice versa. The deal was sealed on March 19th, at 3pm EST, in New York, when the CEO's from both sides, Dennis Aliga and Kris Oribabor shook hands after discussing the terms of engagement.

DMA Capital Group - Dennis Aliga, Chief Executive Officer. Mobile: +234 807 720 8408 (Nigeria) | +25 675 877 0530 (Uganda)

 

Discoverpoint Invests in Financial Advisory Group

January 2010 -- Discoverpoint invests in its 3rd portfolio holdings. Discoverpoint Capital Partners, a boutique Financial Advisory/Investment Bank is formed as a result of the investment by the Holding Group and the previous acquisition of Bond and Baker Investments. Discoverpoint Capital Partners, located in Lagos, Nigeria. Discoverpoint plans to launch a series of products that will benefit the fortune 100 businesses operating in the African market space.

 

Discoverpoint Restructures and Increases its Holdings

September 2009 -- Discoverpoint secures a Management Buy In (MBI) acquisition and brings the highly skilled team of both Emerging Development Investments LLC and Bond and Baker Investments Inc. into the company. 

 

Discoverpoint Invests in Trade Finance Group

July 2009 -- Discoverpoint invests and takes controlling interest in D&T Global Enterprises Nigeria Limited, a Trade and Procurement Advisory firm with operations in Lagos, Nigeria. With this deal in place, Discoverpoint launches its Trade Finance Group with a goal of providing financing for international clients.

 

Discoverpoint Opens its Africa Offices

May 2009 -- Discoverpoint opens its Africa Headquarters in Lagos (Nigeria). This established our presence in Africa.
INSIGHT -- The economy of Nigeria is one of the fastest growing in the world, with the International Monetary Fund projecting a growth of 9% in 2008 and 8.3% in 2009 (Source IMF 2009). It is the second largest economy in Africa, and is a regional super power that is also the hegemon in West Africa.

 

Discoverpoint Launches Private Equity Fund

March 2009 -- Discoverpoint invests and launches its Private Equity Group, with a focus on opportunities in Sub Saharan Africa. Dpoint Fund I is kicked off as our incubator-fund. The funds focus is to invest in companies that provide demand driven products and services.

For more information: www.dpointcapital.com | +1 212 401 8691 (USA)

 

Discoverpoint Open its Global HQ in Philadelphia

January 2009 -- Discoverpoint opens in Global Headquarters in Philadelphia, (USA). The proximity of the location provides the company easy access to major business centers such as New York and Washington DC.

 

Discoverpoint is formed via Acquisitions

September 2008 -- Discoverpoint Holdings secures a Management Buy In (MBI) to bring in its founding partners and launches the holding company. Discoverpoint's focus is the emerging markets of Sub-Saharan Africa coined the "Final Frontier" by wall street investment groups.