ÀRGENTIL APIP II INVESTS IN CCX
Àrgentil Capital Partners (Àrgentil) has acquired a 49% stake in Chocolate City Lounge, a Nigerian restaurant and lounge company, through its Àrgentil Principal Investment Portfolio II (APIP II). The investment includes equity and debt funding to support the company, which will help develop its flagship location at Jabi Lake Mall in Abuja under the “CCX” brand.
Chocolate City Lounge, a subsidiary of Chocolate City Group (CCG), is part of CCG’s strategic expansion into the restaurant and lounge sector. The deal, led by Femi Oladehin, Partner at Àrgentil, aims to support the roll-out of additional locations across Nigeria over the next five years.
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