AFIG’s Atlantic Coast Regional Fund Agrees to Invest in Nigerian-German Chemicals (Sub-Saharan)

Source: AFIG Funds

Private equity fund management company Advanced Finance and Investment Group (AFIG) has agreed to invest up to US$14 million in Nigeria-based producer and distributor of pharmaceutical products and bottled beverages Nigerian-German Chemicals (NGC). The transaction will be structured through Atlantic Coast Regional Fund. NGC intends to use the capital to complete new production facilities, add an intravenous fluids plant and support the diversification of its product offerings. The transaction is subject to regulatory approval.