Chedid Capital completed the acquisition of the remaining 20% stake in Ascoma.

Chedid Capital, a global investment group in the insurance and reinsurance field, completed the acquisition of the remaining 20% stake in Ascoma, a Sub-Saharan Africa’s independent brokerage network. Financial terms were not disclosed. “The acquisition of Groupe Ascoma by Chedid Capital has come to reinforce our leadership position in Africa’s insurance brokerage market. Fueled by this momentum, we will continue to ambitiously pursue our expansionary drive, chiefly in anglophone and Lusophone Africa. We would like to thank the Husson family for the trust they have placed in our vision to help Groupe Ascoma’s already remarkable success reach new heights. In an uncertain world where risk is ever-growing, Groupe Ascoma can lean on Chedid Capital’s support and infrastructure to offer clients top-tier insurance, risk management, and financial services,” Farid Chedid, Founder, Chedid Capital Chairman and Group CEO.