Stanbic IBTC Facilitates Acquisition of Equity Stake In Food Concepts PLC
29 Sep 2021
Country
Nigeria
Year
2021
Sector
Consumer
Business Unit
Wholesale Clients
Specific Role
Financial Advisor
Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings PLC, has advised Development Partners International (DPI) on the investment by African Capital Alliance (ACA) in Africa’s leading multi-brand Quick Service Restaurant (QSR) group, Food Concepts Plc (Food Concepts). The deal involves the successful acquisition of a 31% equity stake in Food Concepts by ACA.
Stanbic IBTC Capital Limited, Stanbic IBTC Stockbrokers Limited and Stanbic IBTC Bank PLC played the roles of the financial advisor, broker and bank respectively from inception to close of the acquisition process of the transaction.
Stanbic IBTC was fully committed to driving the transaction forward at various key stages despite the macro constraints over the last 18 months.
This further highlights why Stanbic IBTC Capital remains the adviser of choice and will continue to provide all clients with the support required to deliver on their strategic plans.