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Press Release 2 minutes to read

Sale of our stake in Bridge Bank Group Côte d’Ivoire (BBG-CI)

Cauris Croissance, the second fund managed by Cauris Management, the West African private equity fund manager, confirmed the sale of its stake in BBG-CI to the bank’s reference shareholder, the TEYLIOM International…

CAURIS CROISSANCE SELLS ITS STAKE IN BRIDGE BANK GROUP CÔTE D’IVOIRE (BBG-CI)

Cauris Croissance, the second fund managed by Cauris Management, the West African private equity fund manager, confirmed the sale of its stake in BBG-CI to the bank’s reference shareholder, the TEYLIOM International group. In 2006 Cauris Management acquired a stake in BBG-CI, followed by a further investment in 2008, together generating a cumulative return of 3.1 times the amount invested.

Bridge Bank Group - Côte d’Ivoire

Created by TEYLIOM International with the support of Cauris Croissance and the BOAD, BBG-CI began trading in June 2006, turning from the outset towards the SME segment, which was strongly demanding innovative banking solutions. It gradually reached a significant position in the highly competitive Ivorian banking market. The bank operates from 7 branches with 134 staff. The initial investment by FCC in BBG-CI made it possible to launch the business in 2006 and to support the development plan in 2008.

For Noël Yawo Z. Eklo, Chairman and Chief Executive Officer of Cauris Management, « the involvement of FCC made it possible to support the group in its diversification project and in launching its banking subsidiary, and to back the development of the bank through its branch network ».

About TEYLIOM

TEYLIOM is an African group, present in several business sectors in the West African region and in Central Africa. The TEYLIOM group aims to be a benchmark investor on the African continent. Innovative and proactive by intent, it is committed to developing Africa’s economic activity. The group pursues its development from its holding company TEYLIOM International, which controls all its sector vehicles:

  • Teyliom Properties;
  • Teyliom Hospitality;
  • Teyliom Finance;
  • Teyliom Industries;
  • Teyliom Telecom;
  • Teyliom Energies.

As at 31 December 2013, the group comprised 52 companies spread across 16 countries in Africa, Europe and the Middle East, with a total workforce of 629 employees.

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