Cauris Management in West African insurance deal

Yeelen Financial Fund, a fund dedicated to the financial sector of the West African Economic and Monetary Union (WAEMU) region and managed by private equity firm Cauris Management, has taken a stake in Holding Groupement d’Assurances Modernes Multiformes en Afrique (GAMMA) which owns two insurance companies in Mali, namely Sonavie and Sabunyuman.

Yawo Noël Eklo, co-founder of Cauris Management said, “The investment of Yeelen Financial Fund helps make Sonavie and Sabunyuman comply with the new CIMA requirements in terms of minimum share capital and equity, and also enables the financing of the group’s strategic development plan.”

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