The fund management company AFIG Funds and a group of investors have implemented a leveraged acquisition of a company in Côte d'Ivoire.

L'opération de rachat à effet de levier, ( Leverage Buy Out-LBO) was set up by the African investment fund manager, AFIG Funds (Advanced Finance & Investment Group) with the aim, via a debt mechanism, a leading company in the packaging sector in Ivory Coast, whose identity has not been disclosed. Thanks to the future profits generated by the Ivorian packaging company, the funds borrowed by AFIG Funds and the consortium of investors it brought will be repaid. Noted that this leveraged business acquisition is considered by Ehouman Kassi, CEO of Bridge Bank Group Côte d'Ivoire, to be one of the first large-scale “Leverage Buy Out” in the region of West Africa.