Partner
Deals & Disputes
Gide advises Wendel on its acquisition of a 100 million-euro stake in Saham Group
Gide’s Casablanca office has advised Wendel, one of Europe’s leading listed investment firms, on its acquisition of a stake in pan-African Saham Group, based in Morocco and majority-owned by its founder and chairman Moulay Hafid Elalamy.
To support Saham Group over the long term in its upcoming development stages, Wendel has decided to invest an initial amount of 100 million euros in exchange of 13.33% of the group’s capital, by way of a share capital increase, in order to raise the group’s resources and speed up its growth in Africa and the Middle-East.
Wendel was advised by Gide, with a team comprising partner Julien David and senior associate Simon Auquier.
