Greenus Capital Limited has raised $23 million in debt financing for Johnvents Industries Limited, to support the agribusiness firm’s operations and expansion drive.
Olakunle Odeyemi, CEO, Greenus Capital, said as an Africa-focused advisory firm, Greenus Capital is committed to unlocking capital and growth opportunities for high-potential, middle-market businesses.
In a statement made available to journalists, Odeyemi said that the fund reinforces Greenus’ role as a leading provider of strategic advisory and capital solutions for mid-market corporations in Africa.
He disclosed that the funding would be deployed by Johnvents Industries to support capital expenditure and meet working capital requirements, enabling the company to scale its operations and deepen its impact in the agribusiness and industrial value chain sectors
Acting as the financial adviser, originator, and arranger, Greenus Capital led the transaction that drew funding from development finance institutions led by the International Finance Corporation (IFC).
Earlier in the year, Johnvents secured a partnership with British International Investment (BII) to boost its cocoa production across Africa. Furthering that partnership, the debt financing arranged by Greenus Capital Limited will help position the group’s cocoa production drive.
“For generations, cocoa has built livelihoods, sustained families, and fueled industries across Nigeria. Yet, we have remained on the fringes of global value chains. With this investment, we are accelerating our journey to make Nigerian cocoa a symbol of quality, transparency, and global impact,” John Alamu, group managing director, Johnvents Group, stated.
According to him, Johnvents Group is boosting cocoa production and creating a sustainable future for Nigeria’s agriculture industry with the BII strategic partnership. He added that the partnership with BII represents a new era of growth, competitiveness, and long-term value creation for farmers, processors, and global consumers alike.
