Argentil Capital Partners has acquired a 49% stake in Chocolate City Lounge, a Nigerian based Restaurant and Lounge Company. The acquisition amount is undisclosed. The private equity firm has an SME vehicle which invests equity and debt in Nigerian companies. Argentil Capital Partners supports SMEs which cannot secure funding from banks as more than 80% of bank lending in the country goes to institutions that have a need of over $2 million in debt funding. The private equity firm will also provide Chocolate City Lounge with debt funding where required.