Helios Investment Partners, co-founded by Nigerian investor Tope Lawani, has agreed to acquire Frigoglass Nigeria Holdings B.V., the parent company of Frigoglass Group’s Nigerian operations, for up to €100 million ($116 million).
The deal covers Beta Glass Plc and Frigoglass Industries Nigeria and is expected to close in the first quarter of 2026, pending regulatory approval.
The acquisition reflects Helios’ push to deepen its presence in manufacturing and industrial supply chains across Africa.
The businesses produce glass containers, plastic crates, and metal crowns, widely used by beverage makers, food companies, and pharmaceutical firms.
Gagik Apkarian, chairman of Frigoglass Group, said the decision follows nearly three years of internal work to stabilize operations and prepare the group for a handover.
Beta Glass Chief Executive Alex Gendis welcomed the change, citing the company’s transformative growth.
Helios, founded in 2004 by Tope Lawani and Babatunde Soyoye, manages about $3 billion and has invested in energy, financial services, telecom infrastructure, and consumer-driven businesses across Africa.
