Stake Purchase • Financial Services

Groupe Richbond Invests In Cash Plus S.A

On May 2, 2019, Groupe Richbond invested in financial services company Cash Plus S.A from Mediterrania Capital Partners

Investment Context
  • This is Groupe Richbond’s 1st transaction in the Financial Services sector.
  • This is Groupe Richbond’s 1st transaction in Morocco.

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Investment Summary

Date May 2, 2019
Target Cash Plus S.A
Sector Financial Services
Investor(s) Groupe Richbond
Sellers(s) Mediterrania Capital Partners
Deal Type Stake Purchase

Target Company

Cash Plus S.A

Casablanca, Morocco
Cash Plus S.A specializes in national and international money transfers, prepaid credit cards, and bill payments. Cash Plus manages financial remittances of emigrants between Europe and Morocco by operating as an institution specialized in established money transfer on Moroccan territory. The company performance is based primarily on the relevance of the business model, focused on the development of a policy of own stores. Cash Plus was founded in 2004 and is based in Casablanca, Morocco.
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Investor Overview 1

Investor

Groupe Richbond

Casablanca, Morocco

Category Company
Founded 1960
Sector Diversified
DESCRIPTION

Groupe Richbond is a Moroccan industrial and property conglomerate. Groupe Richbond operates 12 industrial suites and manages a distribution network of nearly 2,000 points of sale. Groupe Richbond is based in Casablanca, Morocco.


Deal Context for Investor #
Overall 1 of 1
Sector: Financial Services 1 of 1
Type: Stake Purchase 1 of 1
Country: Morocco 1 of 1
Year: 2019 1 of 1

Seller Profile 1

DESCRIPTION

Mediterrania Capital Partners is a private equity firm focused on investing in and acquiring small to mid-sized companies throughout North and Sub-Saharan Africa. The Firm looks to commit €10 to €35 million per investment and will consider a variety of investment situations including growth needs and outright acquisitions. The Firm does not have any sector preferences. Mediterrania Capital Partners was formed in 2008 and is headquartered in Malta.


Deal Context for Seller #
Overall 3 of 3
Sector: Financial Services 1 of 1
Type: Stake Purchase 1 of 1
Country: Morocco 1 of 1
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-31 Cairo Scan

Giza, Egypt

Cairo Scan is a provider of diagnostic and interventional imaging services. Cairo Scan was founded in 1983 and is based in Giza, Egypt.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-24 Aziza

Ben Arous, Tunisia

Aziza is operating in the food retail sector with 4 supermarket chains and 250 shops located across the country. Aziza was founded in 2014 and is based in Ben Arous, Tunisia.

Buy -