Linetrale Gas Ltd.

African Capital Alliance (ACA) a private equity firm focused on investing in Nigeria and West Africa, has equally acquired a significant minority stake in Linetrale Gas, a wholesale importer of Liquified Petroleum Gas (LPG) which is also known as cooking gas.
Linetrale Gas was founded in 2006 by Felix Ekundayo and his partners. In 2007 Linetrale Gas was one of the six approved off-take companies working with Nigerian Liquefied Natural Gas Company (NLNG) to import LPG into the Nigerian market.
Owing to constraints that have to do with port infrastructure, the demand for LPG in Nigeria far outstrips the supply.  Linetrale Gas is moving to address the supply constraint by constructing a terminal that will bypass the existing infrastructure. In anticipation of the increased supply, Linetrale is also improving its distribution network within Nigeria. Linetrale Gas expects that regional opportunities will present themselves in the medium term, and the firm will move to tap these opportunities in due course.
Linetrale Gas marks ACA’s second investment in energy infrastructure in Nigeria. The investment was made through ACA’s Capital Alliance Private Equity II Fund (CAPE II), which was established in May 2005 to capitalize on investment opportunities throughout Nigeria and West Africa. The fund has invested in a range of sectors including financial services, telecommunications, and oil and gas.