TEMPLARS Advises UAC of Nigeria plc on the Acquisition of Chivita | Hollandia (CHI Limited) from The Coca-Cola Company

CHI Limited is a leading manufacturer of dairy products, juices, nectars and snacks, with a market leadership position in the evaporated milk, drinking yoghurt and fruit juice segments of the food and beverage sector.

 In a statement issued on 30 July 2025, following the signing of the agreement, UAC noted that the transaction “which is subject to regulatory approval, marks a strategic milestone in UAC’s growth agenda, expanding its presence in Nigeria’s fast-moving consumer goods sector. It supports The Coca-Cola Company’s strategy to operate a flexible and asset-light model and focus on brands that have the greatest potential to scale”.

The TEMPLARS team on the transaction was led by Deputy Managing Partner and Head of the Mergers and Acquisitions Practice, Chike Obianwu who was supported by Managing Counsel, Obianuju Ifebunandu and Associates, Chiamaka Nwangwu, Lawrence Ola-Adisa, Akorede Adelupe, Christiana Ufomba, Godswill Ogbewe, and Nyerhovwo Umukoro. A different TEMPLARS team led by Finance Partner, Zelda Akindele supported by Senior Associate, Okabonye Chukwuani and Associates, Frances Ehigiamusor, Victoria Gordon and Jumoke Ajide, provided advice on financing.

Commenting on the transaction, Chike Obianwu said: “We congratulate the leadership of the UAC team on this remarkable feat. And we are pleased to have been given the opportunity to advise and assist them on what has been a particularly unique and important transaction.”

Coming on the heels of such other significant deals as the acquisition of: Guinness Nigeria plc by the Tolaram Group, Mobil Producing Nigeria Unlimited by Seplat Energy plc and Champion Breweries plc by the EnjoyCorp Limited, this transaction affirms TEMPLARS’ position as a leader in public and private Mergers and Acquisitions in Nigeria.