CardinalStone Capital exited their investment in Nigerian fitness platform, iFitness by selling their 65% stake in the company to Verod Capital Management for $12 million on the 21st of February, 2024. According to the iFitness Acquisition Factsheet, CardinalStone Capital invested in iFitness in 2019, and contributed to the company’s expansion drive that saw them open 15 branches between 2019 and 2024.Here's the iFitness Acquisition Factsheet.