BluePeak Private Capital (BluePeak), an alternative asset management firm supporting the growth of scalable businesses in Africa, and Swedfund, the Swedish Development Finance Institution, recently announced their USD 25 million co-investment in Teyliom Finance, a subsidiary of Teyliom Group, a leading pan-African conglomerate active in 5 industries across 12 countries. The transaction represents BluePeak’s 6th investment and its first co-investment with Swedfund.

Teyliom Finance controls several companies operating in the financial services industry, including Bridge Bank, its main subsidiary through Bridge Group West Africa, which is the tenth largest bank in Côte d’Ivoire. Focused on improving access to financing through the broadening of financial services to the underserved and promoting financial inclusion, this investment will help Teyliom Finance consolidate its position in the financial services industry in Cote d’Ivoire and grow its footprint in other markets in Francophone West Africa.

The Asafo & Co. team advising BluePeak and Swedfund was led by partner Patrick Larrivé, who was supported by associates Martin Van Box Som and Emmanuel Tiecoura in Abidjan and Christy Komba-Malongo, Guy-Fabrice Holo, Noor Rachid and Zineb Benabdellah in Casablanca. Partner Daye Kaba in Abidjan also provided valuable support in issuing a legal opinion under the laws of Côte d’Ivoire.