Strategic cross-border deals like this are unlocking unprecedented opportunities for the future of African financial inclusion, and UUBO is honoured to support the shaping of that transformation.
Udo Udoma & Belo-Osagie is advising on the Nigerian aspects of a proposed sale of a controlling interest in the Baobab Group SA (BG) to Beltone Financial Holding SAE (BFH), subject to regulatory approvals.
This strategic deal connects two impactful players – BG as a pan-African microfinance leader serving 500,000+ small businesses across seven countries (headquartered in France), and BFH, a Cairo-based financial group expanding its African footprint through bold cross-border growth.
The deal team is led by M&A and Private Equity & Venture Capital teams partner, Folake Elias-Adebowale, with Banking & Finance and FinTech teams partner, Joseph Eimunjeze providing specialist regulatory advice. They are supported by a multidisciplinary team including senior associate Dami Adedoyin, and associates Precious David, Ayomide Soretire, Omeiza Alao, Daniel Adedigba, and Anjolaoluwa Shittu.
The transaction is expected to enhance Baobab’s capacity to scale and deliver long-term value across Africa.
For more information about our M&A, Private Equity, Banking & Finance, Fintech and 20 other practice area offerings, visit www.uubo.org or email us at uubo@uubo.org.
