Cauris Croissance sold its stake in Bridge Bank Group - Ivory Coast (BBG-CI) to TEYLIOM International Group, achieving a 3.1-fold return on investment.

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 ada