Norton Rose Fulbright has advised the TPG/ Satya, joint venture, on the acquisition of a minority stake in Yassamine Schools, one of Morocco’s largest private schools network.

The TPG/Satya joint venture was created in June 2015 as an alliance between Satya Capital Limited and TPG Growth, the capital development platform of the US capital investment company TPG Group. This is their first investment in Africa as part of their strategy to develop in the region. The agreement will allow Yassamine Schools to expand in Morocco and grow its organisation in neighboring countries.

The Norton Rose Fulbright team advising on the transaction was led by Alain Malek, partner and head of the Casablanca office, and of counsel Godefroy Le Mintier. They were assisted by Stan Andreassen.

Other legal advisor: The Benyahia family was advised by managing partner Patrick Larrivé, partner Christophe Simonnet, and of counsel Benoît de Monval of the Casablanca office of Dentons Morocco.

Norton Rose Fulbright assists clients in over 40 African countries, including rapidly growing economies such as Nigeria, Uganda and Zimbabwe. Advising on a variety of laws, including OHADA law, French, Moroccan, English, Tanzanian and South African, the practice has vast experience in Francophone, Anglophone, as well as in Lusophone countries, particularly Mozambique and Angola. Norton Rose Fulbright has offices in South Africa,Tanzania and Morocco, as well as an alliance with practices in Uganda, Burundi and Zimbabwe.