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ADNA has advised Codex as West African PE fund Adiwale Fund I acquires a minority stake in West Africa’s leading player in industrial lifting and logistics solutions.

Codex already operates more than 120 cranes, forklifts and other heavy logistics machines, serving clients in the energy and mining sectors amongst others. This investment will facilitate Codex’s growth and expansion into new regional markets in West Africa. The ADNA team advised Codex on all legal aspects of the transaction, led by partner Safia Fassi Fihri and assisted by counsel Boubacar DIAO and senior associate Sarah Rachedi. Genesis Capital acted as financial advisor, led by William Turkson.