Pefaco International p.l.c., West Africa’s leader in the Leisure and Gaming industry, has completed an EUR15 million privately placed share issue to a group of international institutional investors led by Genesis PFC, a subsidiary of South African investment group Genesis Capital Partners (Pty) Ltd at an average price of EUR2.23 per share, valuing Pefaco at EUR50 million. Genesis and the other investors now own 30% of Pefaco’s shares, which are listed on the Official List of the Malta Stock Exchange.

GANADO Advocates is Maltese counsel to Pefaco and were lead counsel for the company in this transaction, having also assisted Pefaco with its listing on the Malta Stock Exchange in 2014, representing the first equity listing on the Exchange by a foreign business.

Pefaco recently participated in a Malta Stock Exchange event in Madrid where Pefaco’s founders Francis Perez and Olivier Cauro discussed the various reasons why Pefaco chose to list in Malta and expressed their great satisfaction with their listing experience.