M&A Deal Summary

Development Partners International Acquires CMGP-CAS

On September 20, 2018, private equity firm Development Partners International acquired machinery company CMGP-CAS

Acquisition Highlights
  • This is Development Partners International’s 1st transaction in the Machinery sector.
  • This is Development Partners International’s 2nd transaction in Morocco.

M&A Deal Summary

Date 2018-09-20
Target CMGP-CAS
Sector Machinery
Buyer(s) Development Partners International
Deal Type Buyout (LBO, MBO, MBI)

Target

CMGP-CAS

Casablanca, Morocco
CMGP-CAS offers a comprehensive range of products across the manufacturing, distribution, and integration of irrigation and micro-irrigation equipment primarily into the agriculture and infrastructure sectors. CMGP-CAS was formed in 1995 and is based in Casablanca, Morocco.

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Buyer(S) 1

Buyer
DESCRIPTION

Development Partners International is a private equity group focused on investment opportunities across Africa. The Firm targets companies that benefit from the fast-growing emergence of the middle-class. Sectors of interest include communications, financial services, retail, education, and Consumer durables. Development Partners International was established in 2007 and is headquartered in London, United Kingdom.


DEAL STATS #
Overall 11 of 22
Sector: Machinery M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 5
Country: Morocco M&A 2 of 3
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-01 Banque Atlantique

Abidjan, Ivory Coast

Banque Atlantique is a West African financial services group operating in the banking and insurance sectors. Banque Atlantique has 2,000 individuals across its network of 205 branches and has more than 800,000 corporate and retail bank accounts. Banque Atlantique was founded in 1978 and is based in Abidjan, Ivory Coast.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-25 Dolidol

Casablanca, Morocco

Dolidol is a manufacturer and distributor of foam, mattress, and bedding products. Dolidol was formed in 1972 and is based in Casablanca, Morocco.

Buy -