Red Med Private Equity, the new entity of the Red Med Group, has just been granted an approval as a management company of OPCC by a decision of the Minister of Economy, Finance and Administrative Reform on May 31, 2021.
The group announce in a statement that the launch of Private Equity activity complements the business of investment banking specialized in financing operations (Red Med Finance) and asset management (Red Med Asset Management).
Red Med Private Equity is part of the development strategy of the Red Med Group and represents a natural expansion into new asset classes that complement the group’s traditional businesses.
Red Med Private Equity is born from the collaboration of several investment professionals and aims to establish itself in the medium term as the regional reference platform for supporting SMEs.
“We cultivate within Red Med Private Equity a spirit of excellence and independence which are the two keys to success of a management company, with both a requirement to operate according to the best international standards of the profession, and, at the same time a strong anchoring within the Moroccan socio-economic environment and a deep understanding of the real challenges of local entrepreneurs,” said the President of Red Med Private Equity, Abdeslam Ababou, quoted in the press release.
On his side, the General Manager and Co-Founder of Red Med Private Equity, Mohamed Nasset, stated that “beyond financial support, we also provide strategic and operational support to SMEs in order to begin their transition towards operational processes and governance at the best international standards”.
“We have an unexploited reservoir of competitiveness today that we can address through ambitious strategic plans led by talented entrepreneurs, which will foster the emergence of future national and regional champions in their sectors,” he said.
Through its first fund, Colombus 1, which is currently being set up, Red Med Private Equity will support Moroccan SMEs active in sectors directly or indirectly related to the consumption of the local middle class (such as agro-industry, consumer goods, health, education, financial and non-financial services, logistics, etc.) by providing capital support through investments primarily between 30 and 90 million dirhams. Colombus 1 targets a segment of companies that have historically been less addressed by financial investors.
Furthermore, the strategy of the Colombus 1 Fund also fits into the post-Covid recovery effort by promoting development projects aimed at capturing added value locally and reducing imports of goods and finished products. The impact on employment is also at the heart of the Fund’s issues through the implementation of high socio-economic impact development projects, allowing the sustainability and/or creation of jobs.
Founded in 2004 by Abdeslam Ababou, Red Med Finance is an investment bank specialized in high-end operations and asset management through Red Med Asset Management.
Red Med Finance operates in the areas of mergers and acquisitions, market operations, and strategic consulting. With its deep understanding of the debt market, it also supports its partners in finding innovative financing solutions with optimal conditions.
Red Med Asset Management, an asset management company, manages more than ten billion dirhams of assets across various classifications (monetary, bond, equity, diversified, and dedicated). Red Med Asset Management serves institutional, large corporate, and individual clients, both domestic and international.