MCB Capital Markets is pleased to announce the successful completion of Teyliom’s EUR 45 million mezzanine financing with a pool of institutional lenders comprising CDC Group Plc, Deutsche Investitions-und Entwicklungsgesellschaft mbH (DEG) and SFC Finance Limited, the AfricInvest Private Credit Vehicle. CDC Group Plc was the Mandated Lead Arranger.

MCB Capital Markets is pleased to announce the successful completion of Teyliom’s EUR 45 million mezzanine financing with a pool of institutional lenders comprising CDC Group Plc, Deutsche Investitions-und Entwicklungsgesellschaft mbH (DEG) and SFC Finance Limited, the AfricInvest Private Credit Vehicle. CDC Group Plc was the Mandated Lead Arranger.

The proceeds will be utilized to finance the construction and development of five business hotels in four West African countries. The hotels will be managed byMangalis Hotel Group, Teyliom’s hotel management company, under three proprietary brands - “Noom”, its upscale business focused brand, “Seen”, its mid-scale brand and “Yaas”, its smart economy brand.

Over the next 10 years, Teyliom, through its hospitality cluster, aspires to build a portfolio of leading business hotels in selected cities in West and Central Africa and position the Mangalis brands among Africa’s leading hospitality brands. 

Founded in 2001, Teyliom is a privately owned West African conglomerate that operates in six industry clusters namely property, agro-industry, telecommunications, banking and finance, renewable energy and hospitality.