Stanbic IBTC Holdings Plc served as the mandated lead arranger for UAC Nigeria’s acquisition of CHI Limited, providing comprehensive financial support to ensure the successful completion of the transaction.

According to a statement from the holding company on Sunday, Stanbic IBTC also acted as Global Coordinator, working closely with UAC to design a multi-product investment banking solution and financing package tailored to the company’s strategic objectives.

UAC’s acquisition of CHI Limited was initially announced in July, with ownership of CHI Limited officially transferring following recent approval by the Federal Competition and Consumer Protection Commission.

Group Finance Director of UAC, Funke Ijaiya-Oladipo, said, “This acquisition represents a transformative step for UAC as we expand our presence in the FMCG sector. Stanbic IBTC’s ability to provide an integrated, end-to-end financing solution, backed by the wider Standard Bank Group, was instrumental in helping us achieve this milestone through a flawless execution that gave us confidence throughout the process.”

In his remark, the Chief Executive of Stanbic IBTC Capital Limited, Oladele Sotubo, said, “This transaction underscores our ability to deliver integrated solutions across advisory, structuring and execution. We are proud to have partnered with UAC on a transformative acquisition that not only advances their growth ambitions but also contributes to Nigeria’s economic development.”

In addition to arranging the facility, Stanbic IBTC provided a comprehensive solution, deploying its full range of products. Its Global Markets team crafted hedging strategies to manage foreign exchange risk, while its escrow services structured settlement flows to meet the specific requirements of the transaction.

CHI Limited is among Nigeria’s largest food and beverage companies, holding a leading position in the dairy, juice, nectar, and snacks segments of the consumer goods market.

UAC of Nigeria PLC, one of the country’s oldest institutions with a history dating back to 1879, is now a diversified holding company. Its interests are organised across four key verticals—Edibles and Feed, Packaged Food and Beverages, Paints, and Quick Service Restaurants—alongside holdings in a leading logistics services provider and a real estate development company.