Investment Summary

Africinvest Invests In CFG Bank

On May 4, 2018, growth capital firm Africinvest invested in financial services company CFG Bank

Investment Highlights
  • This is Africinvest’s 4th transaction in the Financial Services sector.
  • This is Africinvest’s 4th transaction in Morocco.

Investment Summary

Date 2018-05-04
Target CFG Bank
Sector Financial Services
Investor(s) Africinvest
Deal Type Growth Capital

Target

CFG Bank

Casablanca, Morocco
CFG Bank operates investment and commercial bank. CFG Bank was founded in 1992 and is based in Casablanca, Morocco.

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Investor(S) 1

Investor

Africinvest

Tunis, Tunisia

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1994
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Africinvest is a private equity firm focused on growth investments in African companies. The Firm generally targets minority investments in small to medium-sized companies, but Africinvest will consider select majority situations. Africinvest does not have any sector preferences and looks to hold for 4 to 6 years. Africinvest was formed in 1994 and is headquartered in Tunis, Tunisia.


DEAL STATS #
Overall 25 of 57
Sector: Financial Services M&A 4 of 8
Type: Growth Capital M&A Deals 12 of 20
Country: Morocco M&A 4 of 6
Year: 2018 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 Promamec

Casablanca, Morocco

Promamec is a manufacturer and distributer of medical and paramedical devices to serve public health needs. Promamec was founded in 1981 and is based in Casablanca, Morocco.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-20 Kiboko Holdings

Mauritius

Kiboko Holdings Ltd. is a holding company owning eight East African companies active in the pharmaceutical industry (through the manufacture and distribution of pharmaceutical products), and in the general distribution industry through the distribution of fast-moving consumer goods (FMCG).

Sell -