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Established in 2020 by Principal Yves Biyah, and supported by various local and international Search Fund investors, ASC is an investment holding company designed to identify, acquire and operate a single business in West Africa over the long-term.
Founded in 2008 by entrepreneur Stephen Capraruolo, Falcon is a pioneering electronic security company in Cote dâIvoire, with leading market positions in the remote monitoring of movable and immovable assets, using telematics and video surveillance technologies.
Mr Biyah, founder and Managing Partner of ASC, stated: âFalcon is recognized as the market leader in electronic security in Cote dâIvoire, integrating best-in-class global technologies to deliver tailor-made solutions that enable clients to reduce cost, increase productivity and improve safety. Stephen and his team have developed a compelling value proposition, a blue-chip client base, and an exceptional reputation. Together, we plan to scale current operations and accelerate the rollout of new solutions across new customer segments and geographies. Personally, I am honored to be taking over the company, humbled to preserve Stephenâs legacy, and excited to collaborate with the Falcon team on this next phase of growth.â
Mr Capraruolo, who retains a minority stake in Falcon, and will continue working with the company going forward, added: âFor more than a decade now, I have grown Falcon from an idea into a commercial reality. Identifying an investor who is not only strategically aligned but also brings fresh ideas and energy to take Falcon forward and enhance my legacy, is a major milestone. Over the past few months, I have been impressed with Yvesâ commercial acumen, investor network and strategic vision. I believe Falcon is in good hands, and Iâm excited to see what we can do together in the coming years.â
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The transaction is not subject to any outstanding regulatory approvals or conditions precedent. Falcon will continue to operate and serve clients as usual, without disruption.
Distributed by APO Group on behalf of Africa Search Capital.
Enquiries: y.biyah@africasearchcapital.com
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Africa Search Capital