, 7 tweets, 2 min read Read on Twitter
“ATLANTA, Jan 30, 2019 – The Coca-Cola Company today announced that it has completed its acquisition of Chi Ltd. in Nigeria. Coca-Cola first announced a minority investment in Chi 3 years ago and, as planned,has now acquired full ownership of the company.” coca-colacompany.com/press-center/p…
“This acquisition further signals Coca-Cola’s optimism about Africa’s consumer opportunity and a commitment to its long-term investment and growth plan on the continent, where it has been present for more than 90 years.” coca-colacompany.com/press-center/p…
“Vectis, a private equity firm long active in Nigeria, has concluded a restructuring investment transaction of USD12 million into Leventis Foods Ltd, an established Nigerian FMCG manufacturing company with leading brands of bread and snacks.” privateequitywire.co.uk/2019/01/14/272…
“Bread and flour-based snack sectors emerged in Nigeria over the past years and are expected to have a substantial growth with new products coming on the market. Rising disposable incomes and growing popularity of quality branded snacks will be key growth drivers...”
17 January 2019: “CDC, the UK’s development finance institution, has today announced a new investment designed to support high-growth SMEs in Nigeria. CDC has made a US$15 million commitment to CardinalStone Capital Advisors Growth Fund (“CCA”).”
“CCA is a first-time, Nigeria-focused fund that targets SMEs across six sectors: agriculture, industrials, FMCG, healthcare, education and financial services. CCA will use CDC’s capital to invest in companies which support job creation, as well as import substitution...”
“In November 2018, CDC also announced a US$25 million investment in Nigerian-led, Synergy Private Equity Fund II which invests in high-growth SME businesses in Nigeria and its West African neighbours.”
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