Transaction Summary
On 18 February 2025, British International Investment (BII) announced a $40.5 million term loan facility for Johnvents Industries Limited (Johnvents), one of Nigeria’s largest cocoa processing companies and a subsidiary of the Johnvents Group. Founded in 2016, Johnvents operates multiple processing facilities and plays a key role in Nigeria’s cocoa value chain. The financing will support the refurbishment of Premium Cocoa Products, Johnvents’ second cocoa processing facility in Ile-Oluji, Ondo State, enhancing its production capacity and operational efficiency. The parties signed the legal agreements for the investment in November 2024. The partnership will boost cocoa production, improve global export capabilities, and create economic opportunities for Nigerian farmers.
Terms
- Fund Managers: British International Investment
- Target: Johnvents Group (Subsidiary: Johnvents Industries Limited)
- Financing Type: Debt
- Investment Strategy: Project Financing
- Amount: $40.5 million
Transaction Rationale
Johnvents’ is shifting from intermediary-driven cocoa sourcing to a fully traceable supply chain. Currently, only 15% of its cocoa is procured
