The Development of a Project by Founding a Management Company, Backed by an Asset Company in West African Countries- Franck Allessie
The implementation of a project through the creation of a management company (société de gestion in French), backed by an asset company (société de patrinoine in French), is a structure that can offer other advantages than those presented by the contractual structures set out in our current regulations (implementation of a project via a public contract, via a long lease (bail emphythéotique), via a PPP).
The main advantage of this type of scheme is to allow different rounds of financing in each of the companies and therefore to gather the maximum number of stakeholders, whose interests may be complementary, to have the debt borne solely by the asset company, to not involve the private operator in the investment by the asset company and to strictly confine the private operator to its role as operator.
