Subsidiaries

Seven specialist businesses, one platform.

Each Cedar subsidiary is a specialist business with its own mandate. They share infrastructure, governance and a common standard of work.

01 / Subsidiary

Investment Banking

Kerdos Corporate Advisers Limited

Kerdos Corporate Advisers Limited is the investment banking arm of Cedar Group. It advises corporates, sponsors and institutions on equity and debt capital raising, restructuring, M&A, and strategic finance.

Enquire through Cedar Group

What they do

Capital markets, debt advisory and corporate finance services for institutions and corporates.

Status

Operating
02 / Subsidiary

Value Creation

Cedar Operating Partners

Cedar Operating Partners works alongside shareholders, boards, regulators, investors and management teams to create value through strategic transformation. Its Entrepreneur-in-Residence Programme is now live for Nigeria’s insurance industry under NIIRA 2025.

Visit eir.cedargroup.ng

What they do

A specialist operating and advisory platform driving value creation across portfolio companies and engagements.

Status

OperatingHas a public site
03 / Subsidiary

Finance & Lending

Kerdos Credit Capital

Kerdos Credit Capital provides working capital, equipment financing, lease finance and factoring solutions tailored to the needs of Nigerian businesses.

Visit kerdoscredit.ng

What they do

Credit, leasing and factoring for SMEs and growth-stage businesses.

Status

OperatingHas a public site
04 / Subsidiary

Insurance Brokerage

Rustforte Insurance Brokers Limited

Rustforte Insurance Brokers Limited is a licensed insurance brokerage delivering risk advisory and placement services across general, life, health and specialty lines.

Enquire through Cedar Group

What they do

Licensed insurance brokerage for corporates and high-net-worth individuals.

Status

Operating
05 / Subsidiary

Venture Building

Cedar Hive

Cedar Hive is Cedar Group’s venture-building platform. It incubates, builds and scales operating businesses where Cedar can apply capital, expertise and an operating model.

Enquire through Cedar Group

What they do

Venture building and operating-stage support for early- and growth-stage companies.

Status

Operating
06 / Subsidiary

Principal Investing

Carna Health Investments Limited

Carna Health Investments Limited is Cedar Group’s principal investment vehicle for healthcare, with active interests across diagnostics, hospitals and clinical services.

Enquire through Cedar Group

What they do

Principal investing across healthcare and adjacent sectors in Nigeria.

Status

Operating
07 / Subsidiary

Technology & Analytics

Kerdos Analytics

Kerdos Analytics is Cedar Group’s technology and analytics subsidiary. It designs and operates the platforms, data products and digital interfaces used across Cedar’s subsidiaries and portfolio companies, from public websites to internal operating systems.

Visit kerdosanalytics.ng

What they do

The technology and analytics arm of Cedar Group, building the digital infrastructure the group runs on.

Status

OperatingHas a public site

Work with a Cedar subsidiary

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