# Adiwale Fund I acquires minority stake in Senegalese crane company Codex

Adiwale Fund I acquired a minority stake in Codex SA, a Senegalese lifting services provider operating the largest mobile crane fleet in Senegal. The capital injection will fund new equipment and regional expansion.

- Type: Acquisition
- Announced: 2025-09-11
- Where: Dakar, Senegal
- Status: completed
- Products: mobile cranes, forklifts, aerial platforms, semi-trailers
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Codex GmbH](https://endata.com/companies/35040.md) (target)
- [Adiwale Fund I](https://endata.com/companies/87193.md) (acquirer)

## Sources

- [avca.africa](https://www.avca.africa/news-insights/member-news/adiwale-backs-senegalese-lifting-services-provider/), 2025-09-11: "this new partnership illustrates the crucial role of private equity in the industrial sector"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.