Deals - Apr 18, 2024

Asafo & Co. advised AFIG Funds (AFIG) and NME (Nouvelle Mici Embaci) in Injaro Investment Advisors’ equity investment in NME, a major packaging company in Côte d'Ivoire.

Through its fund Injaro Ghana Venture Capital Fund (IGVCF), Injaro Investment Advisors has announced its investment in NME, marking its first investment in Côte d’Ivoire. IGVCF will join an existing consortium of private equity investors that includes AFIG and Norfund, which completed a 100% acquisition of NME last year, a transaction on which Asafo & Co. also advised.

This transaction will create a regional hub in the packaging industry that is expected to contribute significantly to economic growth and employment in the region.

The Asafo & Co. team advising NME and AFIG was led by partner Patrick Larrivé who was assisted by Martin Van Box Som and Camille Bessi.