The winning categories are:
Private Equity Deal of the Year: Adenia’s acquisition of Air Liquide’s African subsidiaries
We advised Adenia Partners, a private equity firm committed to sustainable investment in Africa, on its landmark acquisition of Air Liquide’s operations across 12 African countries. This transformative deal led to the creation of Erium, a new, fully African-owned industrial and medical gases group with a pan-African footprint.
Erium represents a bold shift—from a multinational subsidiary to an agile, locally driven entity—enabling faster, market-specific decisions and advancing economic empowerment across the continent. Adenia’s strategic support and investment will accelerate Erium’s growth, while a long-term gas supply and technical support agreement with Air Liquide ensures a smooth transition and continued innovation.
Navigating diverse regulatory landscapes and securing approvals across multiple jurisdictions demanded deep local legal insight. The Asafo & Co. team was led by partner Patrick Larrivé, supported by a team of associates, including Guy-Fabrice Holo and Souhail Sassi.
Morocco Law Firm of the Year
We are pleased to be named Morocco Law Firm of the Year, a recognition that reflects the strength, depth, and impact of our work in the region. With one of the largest legal teams in Morocco, we have consistently advised on many of the country’s most significant corporate, M&A, and private equity transactions, as well as major energy and infrastructure projects. From market-defining M&A deals to first-of-their-kind infrastructure financings, our team continues to set new benchmarks for legal excellence in Morocco.
Our work increasingly extends beyond national borders, as we play a growing role in complex, cross-border matters across sub-Saharan Africa. Leveraging our integrated presence across the continent—including offices in Abidjan, Johannesburg, Nairobi, Mombasa, and Casablanca—our Morocco team is well-positioned to support regional and global clients as they navigate Africa’s evolving business and regulatory landscape. Our involvement in high-profile transactions across multiple jurisdictions reinforces our reputation as a trusted advisor for clients seeking sophisticated legal support in Africa.