Deals - Feb 10, 2025

Asafo & Co. recently advised Adiwale Partners (Adiwale), a major private equity fund focused on supporting SMEs in West Africa, on its strategic investment in Jus Délice, a leading producer of organic pineapple juice based in Togo.

With Adiwale Fund I’s investment, Jus Délice aims to scale its operations, increase exports, and contribute to the growth of Togo’s agribusiness sector. The investment will also enable Moringa, a fund established by Edmond de Rothschild and the majority investor in Jus Délice since 2018, to exit the company. Over the past six years, Moringa has been instrumental in driving Jus Délice’s growth and advancing its sustainability initiatives.

This investment underscores the increasing opportunities in West Africa’s agribusiness sector and highlights the role of strategic partnerships in fostering economic development.

The Asafo & Co. team advising Awidale was led by partner Julien Baubigeat who was assisted by partner Jamal Fofana on the financing aspects of the transaction, as well as associates Inès Abdesselem, Vanessa Neyam and Emmanuel Tiecoura.