Finance & Escrow / Escrow / ESC-9001

Northbridge Foods acquisition

Highland Partners → Northbridge Holdings · custody by Sterling Escrow Trust

Custody · licensed institutionRisk · Medium
Funds are held and released only by the integrated licensed escrow institution. DealFlow Nexus does not directly hold client funds.
Total consideration
₦1080M
Deposit received
₦108M
Funds secured
₦108M
Conditions
4
Closing
22 Dec
Escrow flow
  1. Buyer funding
  2. Licensed escrow
  3. Conditions
  4. Closing approval
  5. Funds release
  6. Seller settlement
Transaction history
  • 12 Nov · Account opened by Sterling Escrow
  • 14 Nov · Deposit received (10%)
  • 18 Nov · Balance secured
  • 19 Nov · Condition 1 satisfied
  • 22 Nov · Condition 2 satisfied
  • 24 Nov · Ownership transfer pending
  • 26 Nov · Awaiting escrow approval
Release readiness
33%
Ready
Approval chain
  • BuyerApproved
  • SellerApproved
  • Legal adviserPending
  • Escrow institutionPending