Asafo & Co: BluePeak and Swedfund investment

Asafo & Co advised Blue Peak Private Capital (BluePeak), an alternative asset management firm supporting the growth of scalable businesses in Africa, and Swedfund, the Swedish Development Finance Institution, which recently announced their USD 25 million co-investment in Teyliom Finance.

The investment in Teyliom Finance, a subsidiary of Teyliom Group, a leading pan-African conglomerate active in 5 industries across 12 countries, marks BluePeak’s 6th investment and first co-investment with Swedfund.

Asafo & Co’s team

Partner Patrick Larrivé (pictured) led Asafo & Co’s team, which also comprised 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.

About Teyliom Finance

Teyliom Finance controls several companies operating in the financial services industry, including Bridge Bank, its main subsidiary through Bridge Group West Africa.

Teyliom Finance focused on improving access to financing through the broadening of financial services to the underserved and promoting financial inclusion. The investment will help Teyliom Finance consolidate its position in the financial services industry in Côte d’Ivoire and grow its footprint in other markets in Francophone West Africa.