Eversheds has advised a consortium consisting of Tunisie Leasing, Amen Bank, Proparco and two funds managed by responsAbility on an agreement with AfricInvest, FMO, FinnFund, Bank of Africa Group, and Gras Savoye entered into with a view to acquiring a controlling interest in the Alios Finance group. Scemla Loizon Veverka & de Fontmichel (SLVF) advised AfricInvest, FMO, FinnFund, Bank of Africa Group, and Gras Savoye.

The Alios Finance group is a key player in the financial leasing and long-term rental sector, active in nine African countries. The transaction will enable Alios Finance to continue its successful expansion in the continent.

The Group will continue to provide its individual and corporate clients with a wide range of financing solutions to finance their investments, up to the amount of its outstanding balance on loans (over €200 million to date).

The Eversheds team consisted of partner Boris Martor and senior associate Jawad Fassi-Fehri, and in relation to the due diligence aspects, Ariane Marceau-Cotte, Marie Paule Noel, Imène Boukadoum, Madonna Gerber, and Fares El Heni and Raouf El Heni of Eversheds-El Heni Tunis. The completion of this transaction is subject, in particular, to the regulatory approvals from several central banks.