BluePeak Private Capital in West African financial services deal
BluePeak Private Capital has completed its sixth investment, a $20 million loan to Teyliom Finance.
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BluePeak Private Capital, an alternative asset management firm focused on Africa, has completed its sixth investment, a $20 million loan to Teyliom Finance, a subsidiary of Teyliom Group, a pan-African conglomerate active in five industries, across 12 countries.
Teyliom Finance controls several financial services companies. Bridge Bank, Teyliom Finance’s main subsidiary through Bridge Group West Africa, is the 10th largest bank in Côte d’Ivoire, providing banking solutions to more than 13,000 corporate, SMEs, and retail clients through 14 branches and started operations in Senegal with one branch. The company plans to grow its footprint across West Africa, specifically by opening new branches in Senegal and in the near future starting expanding to Burkina Faso, amongst additional countries whilst increasing lending to SMEs and microbusinesses.
Commenting on the investment, Walid Cherif, managing partner at BluePeak said, “We are delighted to support the growth ambition of such an established leading player with a strong track record and knowhow of lending to SMEs in the West Africa region. Through this partnership, we will support Teyliom Finance in further driving financial inclusion and bridging the financing gap across the region.”
Commenting on the investment, Yerim Sow, founder of Teyliom Group said, “We are very pleased to partner with BluePeak, one of the leading private capital investors in Africa. This investment will help Teyliom consolidate its position in the financial services industry in Côte d’Ivoire and other markets in Francophone West Africa. Working with quality investors has been a successful recipe for our Group as we continue to grow and build scale in our markets.”
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