Information on the Target

Cauris Croissance has divested its stake in Bridge Bank Group - Ivory Coast (BBG-CI) to its majority shareholder, TEYLIOM International Group. Cauris Management first invested in BBG-CI in 2006, followed by further investments in 2008, resulting in a remarkable cumulative return on investment of 3.1 times the original amount.

Founded by TEYLIOM International with financial backing from Cauris Croissance and the West African Development Bank (BOAD), BBG-CI commenced operations in June 2006. The bank focuses primarily on small and medium-sized enterprises (SMEs), which require innovative banking solutions. Over the years, BBG-CI has established a strong presence in the competitive banking market of Côte d'Ivoire, operating through seven branches and employing a dedicated workforce of 134 personnel.

Industry Overview in Côte d'Ivoire

The banking sector in Côte d'Ivoire is dynamic and increasingly competitive, reflecting the broader economic growth in the region. With a focus on driving financial inclusion and supporting SMEs, banks in the country are adapting to meet the needs of a diverse customer base. The government has emphasized enhancing the business environment, leading to a surge in entrepreneurial activities, which, in turn, has boosted demand for banking services.

Modernization and technological advancements are key trends in Ivorian banking. Traditional banking services are being supplemented by digital platforms, allowing customers greater convenience and access. This shift toward digital banking is significant as it empowers SMEs with financial tools that were previously inaccessible.

The investment landscape in Côte d'Ivoire is positive, with both local and foreign investors eager to participate in the country’s growth story. The government’s efforts to promote economic stability and infrastructure development are critical in attracting new investments, particularly in sectors like finance. As the banking sector continues to evolve, institutions that prioritize innovation are likely to secure a competitive advantage.

The Rationale Behind the Deal

The decision by Cauris Croissance to sell its stake in BBG-CI stems from the successful growth and maturity of the bank since its inception. TEYLIOM International Group, as the main shareholder, is strategically well-positioned to drive the next phase of BBG-CI’s development. By consolidating ownership, TEYLIOM can align its resources to further expand the bank’s reach and service offerings, particularly to SMEs.

Additionally, this divestment reflects Cauris Croissance's goal of realizing returns on successful investments while continuing to seek new opportunities within the West African market. The substantial profit generated from this sale also underscores the effectiveness of Cauris's investment strategy in the region.

Information About the Investor

TEYLIOM International Group is a prominent African holding company with a diverse portfolio across various sectors, including finance, real estate, hospitality, industry, telecommunications, and energy. With a focus on fostering economic growth in West and Central Africa, TEYLIOM aims to become a leading investor on the continent. Its strategy includes being proactive and innovative in supporting African businesses.

The group's operations span across 16 countries, employing over 600 people and actively contributing to local economies. TEYLIOM’s involvement in the banking sector through BBG-CI aligns with its overall mission to support and drive the growth of the African economy.

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The sale of Cauris Croissance's stake in BBG-CI to TEYLIOM International Group is considered a strategic move that could yield positive outcomes for both parties. For Cauris, the transaction represents a successful exit from an investment that has significantly multiplied its initial stake, which can be reinvested into new ventures. This is a strong demonstration of Cauris Management’s capability in generating substantial returns.

On the other hand, for TEYLIOM, consolidating its ownership will enhance its ability to leverage synergies across its various business lines to drive growth. The increased control over BBG-CI may facilitate the deployment of more tailored banking products and services, particularly aimed at the SME sector, which is a critical driver of economic growth in Côte d'Ivoire.

Overall, this deal not only highlights the success and evolution of BBG-CI as a banking institution but also emphasizes the potential for continued growth within the Ivorian banking sector. As the market for innovative financial products expands, BBG-CI, under TEYLIOM's full ownership, is well-positioned to capitalize on emerging opportunities.

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