eFront, a leading software provider of solutions for managing alternative investments, is pleased to announce that private equity firm MBO Capital, located in Lagos, Nigeria, has selected eFront as its investment management platform.
MBO Capital decided to implement FrontInvest at the very beginning of its fund life-cycle to demonstrate sound operational processes and inspire confidence in its investors.
"We are dedicated to supporting local entrepreneurs and businesses with expertise, as well as capital. Our goal is to help them become more efficient and profitable. Given these priorities, it was clear that eFront would be the perfect partner for us," said Jide Ogundare, CEO of MBO Capital. "Managing our fund with eFront conveys to our investors and partners our commitment to transparency, effective communication, and the highest degree of trust."
FrontInvest is an integrated software solution for private equity firms and other general partners with a broad range of capabilities, including investor management, portfolio management and monitoring, and fund management. FrontInvest's leadership among South African-based investing organizations has opened the door for new opportunities in other African countries, including Nigeria. MBO Capital purchased the FrontInvest solution, which delivers fast implementation, scalability and integrated best practices.
"We are so happy to welcome MBO Capital into the eFront family. Following on the heels of our success in South Africa, we are thrilled about our expansion into Nigeria and other African countries," said Jean Philippe Gireaud, Area Sales Manager at eFront. "Using our pre-packaged solutions, new funds at the earliest stages of their activities, like MBO Capital, are able to draw upon proven best practices from over 450 customers worldwide. We look forward to helping MBO Capital over a long and prosperous relationship."