With backing from Adiwale Fund I, the investment will allow Codex SA to modernize and expand its crane fleet, raise operational and environmental benchmarks, and deepen its presence across the region. In addition, the partnership supports the development of local technical capabilities through training programs aligned with international best practices.

This transaction underscores our firm’s commitment to facilitating high-impact deals that contribute to infrastructure growth and sustainable industrial development in Africa.

The ASAFO & CO. was team led by Julien Baubigeat, partner, who worked with Jamal Fofana, partner, on the financing aspects, and associates Inès Abdesselem and Camille Bessi. The team also worked alongside EY (financial due diligence) to provide Adiwale strategic and legal guidance.