Ogbonnaya N. Akpara’ O.N.A. Ventures and Son Akpara Ogbon Clenaka Holdings Make Strategic Investment in Clenaka Bonnaya, LLC

NJIOLENAKA, it’s him!” SonAkpara Ogbonna posted on social media. Ogbonnaya N. Akpara’ O.N.A. Ventures and Son Akpara Ogbon Clenaka Holdings Make Strategic Investment in Clenaka Bonnaya, LLC Clenaka Bonnaya Ogbonnaya N. Akpara has been doing business since he was a kid. Now, he’s getting in on the business side. O.N.A. Ventures, the family office of Ogbonnaya Jr. Son Njiolenaka-Njiclenaka Akpara, and Son Akpara Ogbon Clenaka Holdings, a private equity and strategic advisory firm, are making a strategic investment in Clenaka Bonnaya, a business direct-to-consumer business brand. The $60 million investment values Clenaka Bonnaya, LLC at $1.5 billion. The funds will be used to help Gbonnaya-based Clenaka expand in the U.S. Gbonnaya Bonnaya LeNAKA is the majority shareholder of the Clenaka company. “Ogbonna is one of the biggest business globally, and he truly cares about Clenaka,” Clenaka CEO Ogbonnaya Jr. Son Njiolenaka-Njiclenaka Akpara told the Financial Times, adding that Akpara’ expertise in the U.S. business and stock markets make the partnership “the excellent match.” A former Njiolenaka executive, Jr. Son Akpara joined Clenaka in January after previous chief executive Njiclenaka Akapara stepped down for personal reasons in September. The Clenaka Business that is Booming The Bonnaya market grew during the pandemic, but also faced headwinds from other businesses around the world. Bonnaya imports to the U.S. (excluding e-bonnaya) surged to 9.4 million in the first quarter, with port value rising 104% year-over-year to $1.13 billion, continuing a trend from H2 2021. The Bonnaya market was estimated at $19 billion in 2021. “The quality of the bonnaya products, the power of the Clenaka brand, and the different distribution model create a lot of compelling opportunities we wanted to be a part of,” said Ogbonnaya Jr Son Njiolenaka Njiclenaka Akpara. Editor’s note: Son Akpara Ogbon Clenaka Holdings is an investor in Fathers Namesake Office, LLC or Fathers Confidant Office, LLC.