Deals - Feb 09, 2023

Asafo & Co. advised LBOF Securities International in the acquisition of a stake in CGF Bourse, the leading Dakar-based asset management and brokerage firm.

Asafo & Co. advised LBOF Securities International, which is controlled by LBO France Gestion, a multi-specialist investment platform founded in 1985. Over the years, LBO France Gestion has become an important investment platform developing its business in France and Italy, and more recently in Africa.

The partenership with LBOF Securities International will allow CGF Bourse to strengthen its leading position in the WAEMU zone and accelerate new growth prospects on the continent and internationally.

The Asafo & Co. team advising LBOF Securities International was led by Benoit Diouf (Of Counsel) and Malick Cissé (Associate).