Deals - Feb 20, 2025

Asafo & Co. Advises Beltone Capital on Milestone Acquisition to Lift Financial Inclusion in Africa

Asafo & Co. is pleased to announce its role as legal advisor to Beltone Capital, a wholly owned subsidiary of Beltone Holding, an Egyptian Stock Exchange-listed financial services provider focused on the Middle East and North Africa (MENA) region, in its acquisition of a majority stake in Baobab Group, a leading microfinance provider, from Apis Partners, Abler Nordic and AXA Investment Managers Alternative.

Deals - Feb 14, 2025

Asafo & Co. Advises the Tazi family on Sale of Biomag to Comaner SA

Asafo & Co. is pleased to announce its role as legal advisor to the Tazi family in its sale of Biomag, a recognized expert in the production and marketing of flavors and blends for the food industry, to Comaner S.A., a specialist in ingredients and food additives in Morocco.

Deals - Feb 10, 2025

Asafo & Co. Advises Adiwale Partners on West Africa Agribusiness Investment

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.

Deals - Feb 06, 2025

Asafo & Co. Advises Groupe RG on Key Acquisition in Morocco

Asafo & Co. advised Groupe RG, a European leader in Personal Protective Equipment (PPE) distribution, on its acquisition of a majority stake in Groupe Novindus, a Moroccan distribution platform specializing in industrial supplies and maintenance services and operating through its subsidiaries—Novindus, Helios Dica, Restel, and Helios Dexis—in Tangier and Casablanca.

Deals - Jan 29, 2025

Asafo & Co. Advises Africa CapitalWorks and Adiwale Partners on Pivotal Investment in Africa’s Education Sector

Asafo & Co. recently advised Africa CapitalWorks (ACW) and Adiwale Partners (Adiwale), two major private equity funds investing in mid-market companies across sub-Saharan Arica, on their investment in Enko Education, a leading network of private schools in Africa.

Deals - Jan 24, 2025

Asafo & Co. Advises Norfund on Strategic Expansion of Investment in CrossBoundary Energy

Asafo & Co. recently advised Norfund in its latest investment in CrossBoundary Energy, doubling its stake in the company to US$ 80 million.

Deals - Jan 09, 2025

Asafo & Co. Advises UAE Mining Group on Strategic Acquisition in Morocco

Asafo & Co. recently advised Purple Hedge Resources in its acquisition of Compagnie Minière d’Oumejrane from Groupe Managem.

Deals - Dec 05, 2024

Asafo & Co. Advises Songon Energies on Development of Major Power Plant in Côte d’Ivoire

Asafo & Co. advised Songon Energies S.A. on the negotiation with the Côte d’Ivoire government and signing of amendment No. 2 to the ENERGY 73 Convention for the financing and implementation through the BOOT model (Build, Own, Operate, Transfer), of a 372 MW ISO combined cycle thermal power plant located in Songon, Côte d’Ivoire.

Deals - Dec 04, 2024

Asafo & Co. Advises SAHAM Group and Tana Africa Capital on Strategic Exit from International School in Ethiopia

Asafo & Co. advised SAHAM Group, a private investment company dedicated to driving economic growth and creating lasting value, and Tana Africa Capital, a leading private equity firm focusing on sustainable growth in Africa, on the sale of their joint stake in Flipper International School (FIS) to ADvTECH Group.