Benoit de Monval_Patrick Larrivé

Caterpillar West Africa distribution transfered to Jean-Luc Konan 

Delmas Investissements et Participations (“DIP”) and the Delmas family have signed a transfer agreement for their Caterpillar dealership activity to a consortium conducted by Ivorian entrepreneur Jean-Luc Konan. Included in the sales is JA Delmas and its network of African representative companies in charge of sales and after-sales in 11 West African countries. 

The transaction is a result of market evolution and a strategic process leading to implementing a transformation plan towards governance anchored on the African Continent.  

Jean-Luc Konan, who will be named the new regional dealer by Caterpillar, created the Cofina Group in 2013, a meso-finance institution recognised leader in western and central Africa in financing small and middle-sized companies. With presence in 9 countries, Cofina Group currently employs close to 1,500 people. 

The advisors 

The buyer was advised by Eponyme Partners merchant bank and Baubigeat, Asafo & Co and Allen & Overy

The Asafo & Co. team advising Jean-Luc Konan and his team was led by partners Benoit de Monval (pictured left) and Patrick Larrivé (pictured right), assisted by associates Martin Van Box Som, Cyril Kalfat and Thami El Idrissi

The seller was advised by Rothschild&Co merchant bank and EY and Lexco law firm. 

The co-arranging banks are MCB Financial Advisers and Société Générale Côte d’Ivoire. 

Caterpillar West Africa distribution transfered to Jean-Luc Konan

Launched in 2022 by LC Publishing Group S.p.A., it is the first digital portal addressed to the Middle East North Africa market.

In terms of contents, the website focuses on both law firms and in-house legal departments, covering the latest news and rumors on deals and operations (and the related advisors) as well as on lateral hires, moves and new appointmens and providing insights, analytical data and opinions on the professions’ main trends and topics (AI, innovation, etc.).

For further information, please visit the Group’s website

Legalcommunity MENA
LC Publishing Group S.p.A. – Via Tolstoi 10 – 20146 Milano – Tel. 0236727659 – C.F./P.IVA 07619210961
REA 1971432 Registro delle Imprese di Milano – Cap. Soc. Euro 50.000,00 i.v.

Copyright 2023 © All rights Reserved. Design by Origami Creative Studio


Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram