TEMPLARS has advised EnjoyCorp Limited on the acquisition of 100% shares in The Raysun Nigeria Limited (a subsidiary of Heineken International B.V), the parent company of Champions Breweries plc; resulting in the indirect acquisition of 86.5% controlling stake in Champion Breweries plc, a leading regional brewery company operating in Nigeria.

This transaction signifies EnjoyCorp Limited’s strategic entry into the Food & Beverage sector underpinning its long-term commitment to the African market and consumers. Further to the acquisition, Enjoycorp Limited aims to optimize Champion Breweries’ extensive distribution network, thereby strengthening its market presence whilst facilitating increased local participation in the Nigerian food and beverage value chain.

According to the Founder of EnjoyCorp Limited, Eric Idiahi, “this acquisition represents a significant addition to EnjoyCorp’s growing Food & Beverages portfolio…we will leverage on Champion Breweries existing market position and strong brand recognition alongside our ability and expertise to boost operational efficiencies, grow market share and ultimately, increase earnings.”

The TEMPLARS team on the transaction was led by Partner, Finance and Mergers & Acquisition, Zelda Akindele, with key support from Managing Counsel, Obianuju Ifebunandu. Other members of the Templars team include Associates Pamela Ojiego, Victoria Aluko, and Oluwafisayo Aderibigbe.