Asafo & Co. is pleased to announce its role as legal advisor to West African private equity fund Adiwale Partners in its recent acquisition of a minority stake in Codex SA, Senegal’s leading industrial lifting and logistics specialist.
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. team led by Julien Baubigeat, partner, and associate Inès Abdesselem, worked alongside EY (financial due diligence) to provide Adiwale strategic and legal guidance.