Deals - Oct 30, 2025

Asafo & Co. advised Mediterrania Capital Partners (MCP), a leading private equity firm investing in growth opportunities across Africa, on its landmark €100 million co-investment in Coris Holding, the second-largest banking group in the WAEMU region.

Asafo & Co. assisted MCP both in the structuring of the co-investment, alongside a consortium of prominent international development finance institutions: Dutch Entrepreneurial Development Bank (FMO), British International Investment (BII), Belgian Investment Company for Developing Countries (BIO), and Impact Fund Denmark (IFU)and in the investment in Coris Holding.

This investment will reinforce Coris Holding’s capital base to support its growth strategy, regional expansion and M&A activities. It will also strengthen the bank’s ability to provide financing to SMEs, which form the backbone of African economies but continue to face major barriers in accessing credit.

By bringing together multiple institutional investors, this partnership reflects strong international confidence in Coris Holding’s vision and resilience, and is set to drive greater financial inclusion, empower entrepreneurs, and support sustainable economic growth across the region. It also demonstrates Asafo & Co.’s unique position in delivering strategic legal advice in complex cross-border and multi-party transactions, with a tangible impact.

The Asafo & Co. team advising on the transaction was led by partner Patrick Larrivé, with support of senior associate Thami El Idrissi, and associates Adji Marieme Dieng, Guy-Fabrice Holo, Assia Khalidi, Othmane Mestari and Souhail Sassi.