ARISE IIP Secures $700m Landmark Capital Raise, Welcomes Vision Invest as New Shareholder
- ARISE IIP has completed a landmark USD 700 million capital raise and welcomed Saudi Arabia’s Vision Invest as a new shareholder
- The funds will support ARISE IIP’s expansion across Africa, with a focus on building sustainable, inclusive, and green industrial ecosystems
- Existing shareholders hailed the deal as a boost for industrialisation, export growth, and long-term value creation on the continent
Legit.ng journalist Victor Enengedi has over a decade's experience covering Energy, MSMEs, Technology, Banking and the Economy.
ARISE Integrated Industrial Platforms (ARISE IIP), the developer of the IPR Free Zone in partnership with Ogun State, Nigeria, has successfully concluded a landmark USD 700 million capital raise.
The milestone transaction, one of the largest private infrastructure deals in Africa, brings Saudi Arabia’s Vision Invest—an established global infrastructure investor—into ARISE IIP’s shareholder group.
Source: UGC
The capital raise, which included both primary and secondary components, will fuel ARISE IIP’s expansion across Africa and strengthen its mission to develop green, inclusive, and sustainable industrial ecosystems.
The company’s shareholder base now consists of its founding investors, Africa Finance Corporation (AFC) and Equitane, alongside the Fund for Export Development in Africa (FEDA), the impact investment arm of Afreximbank, with Vision Invest joining as the latest partner.
Gagan Gupta, Founder and CEO of ARISE IIP, described the deal as a pivotal step for the company’s growth.
Gupta said:
“ARISE has always believed in Africa’s promise and the talent driving its growth. The partnership with Vision Invest and the continued support of our institutional shareholders will help us build resilient, self-sustaining industrial ecosystems that deliver long-term value.”
Samaila Zubairu, President and CEO of AFC and Chairman of ARISE IIP, stressed the importance of aligning global capital with Africa’s development agenda.
Zubairu stated:
“ARISE IIP has demonstrated what is possible when global capital aligns with Africa’s ambitions. We are proud to deepen our partnership and support ARISE IIP as it scales industrial transformation across the continent.”
Similarly, Afreximbank President Benedict Oramah congratulated ARISE IIP, noting that the capital increase will boost export manufacturing and industrialisation.
Oramah stated:
“Afreximbank congratulates Arise IIP management on this landmark deal. With this capital increase, Arise IIP will become an even stronger partner of Afreximbank in the drive to promote export manufacturing and industrialisation in Africa.”
Echoing this optimism, Marlene Ngoyi, CEO of FEDA, added:
“We are pleased to reaffirm our commitment to ARISE IIP by participating in this historic capital raise. ARISE IIP exemplifies the kind of platform that drives sustainable growth and regional integration across Africa.”
Source: UGC
From Vision Invest, Mohammad A. Abunayyan, Chairman of Vision Invest, reflected on the alignment of values:
“This marks our first direct investment in Africa and a natural extension of our values and impact investment philosophy, which centres on the socio-economic development of the communities in which we invest. We are proud to partner with AFC, FEDA, and Equitane to support economic diversification and local development.”
Building on this, Omar N. Al-Midani, President and CEO of Vision Invest, concluded:
“ARISE IIP represents the ideal platform for Vision Invest’s entry into Africa, combining world-class execution, an institutional shareholder base, and an operating model that focuses on in-country beneficiation. We look forward to building long-term value together.”
Advising on the deal were Standard Chartered Bank and Norton Rose Fulbright for ARISE IIP, while Vision Invest was supported by EFG Hermes and Linklaters.
The transaction underscores international confidence in ARISE IIP’s ability to deliver transformative infrastructure, strengthen local value chains, and foster shared prosperity across Africa.
Source: Legit.ng
