Gide advises the majority shareholders on the sale of Baobab Group to Beltone Capital

Gide advised the majority shareholders of Baobab Group, a leading provider of financial services to small businesses across the African continent, on the sale of the group to Beltone Capital, a wholly-owned subsidiary of Beltone Holding (EGX: BTFH.CA).

This landmark transaction marks a significant milestone for Baobab, strengthening its strategic and financial resources and accelerating the implementation of its long-term growth plan. Baobab will continue to operate under its established brand and business model, with continuity in management and operations, while reaffirming its commitment to financial inclusion and the development of small businesses across the continent.

The acquisition was completed following receipt of all required regulatory approvals.

Gide’s multidisciplinary team was led by Simon Auquier, partner, with Salim Zobiri, counsel, Amina Bensaid and Abdallah Ktiri, associates, advising on the transaction. Ségolène Pelsy, partner, advised on antitrust and merger control aspects, and Bénédicte Perrier handled employment law matters.