AELEX is pleased to have advised Justrite Limited in connection with AfricInvest’s recently concluded acquisition of a minority stake in the company. Justrite is a leading Nigerian family-owned retail department store founded over 22 years ago, with 17 stores across Lagos, Ogun and Osun States, providing access to essential goods to largely underserved neighbourhoods. The company has a combined shop floor exceeding c.20,000m2 and 57,000 Stock Keeping Units.
We congratulate our client, Justrite, as it embarks on a new phase of growth and expansion.
The AELEX team included our Partners, Chinyerugo Ugoji and Tiwalola Osazuwa with support from our Associates, Oluwatobiloba Elujulo and Edidiong Antai.