Investment Summary

Africinvest Invests In Promamec

On February 1, 2018, growth capital firm Africinvest invested in medical products company Promamec

Investment Highlights
  • This is Africinvest’s 1st transaction in the Medical Products sector.
  • This is Africinvest’s 3rd transaction in Morocco.

Investment Summary

Date 2018-02-01
Target Promamec
Sector Medical Products
Investor(s) Africinvest
Deal Type Growth Capital

Target

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.

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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 24 of 57
Sector: Medical Products M&A 1 of 2
Type: Growth Capital M&A Deals 11 of 20
Country: Morocco M&A 3 of 6
Year: 2018 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-02 Buzzkito Network

Casablanca, Morocco

Buzzkito Network is an integrated media group specialized in digital marketing, creation and distribution of digital content, and the acquisition of audience. Using cutting edge technological tools and collected online data, the company addresses a large clientele composed of advertisers wishing to develop their brands in the MENA region. Buzzkito was founded in 2015 and is based in Casablanca, Morocco.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-04 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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