Expansion of Aziza (Slama Group) by issuance of bond subscribed by Abraaj Group

Kammoun & Kallel led the transaction advice of company Aziza Commerce de Détail (Slama Group), a new and very dynamic company acting in the hard discount retail distribution, within the framework of the financing of its activities via the issuance of a convertible bond subscribed by the Abraaj Group through an SPV. This financing aims to support the growth strategy of the company.

The firm is strongly involved within:

– The structuring of the transaction taking into account foreign investment and control exchange legal requirements as well as corporate and financing involvements,
– Review and assistance to the negotiation of the Investment Agreement, the Convertible Bonds Agreement and the Shareholders Agreement, and
– Clearances and approvals from the Tunisian Central Bank in respect to control exchange issues.