Credit Suisse Microfinance Fund Management Company, Tunisie Leasing SA (BVMT:TLS), Amen Bank Société anonyme (BVMT:AB), PROPARCO SA and responsAbility SICAV (Lux) Microfinance Leaders (FINESTI:027439667), managed by responsAbility Social Investment Services AG, agreed to acquire a stake in Alios Finance Group from Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV, AfricInvest Group, Finnfund, BOA Group S.A. and Gras Savoye S.A. on October 16, 2014. AfricInvest Group will sell its 59.34% stake in the transaction. The completion of the transaction is subject to approval of regulatory authorizations from central banks.

Boris Martor, Jawad Fassi-Fehri, Ariane Marceau-Cotte, Marie Paule Noel, Imène Boukadoum, Madonna Gerber et Fares and Raouf El Heni of Eversheds acted as legal advisors to Tunisie Leasing, Amen Bank, Proparco and responsAbility. François Bourrier-Soifer, François Gagey and Christel Alberti of Scemla Loizon Veverka & de Fontmichel acted as legal advisors to Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV, FinnFund, Bank of Africa Group and Gras Savoye. Fatine Layt and Jean-Louis Duverney-Guichard of Oddo Corporate Finance acted as financial advisors in the transaction.