In exclusive negotiations since the second half of 2020, the shareholders of the Mena Capital Partners brokerage company and the Red Med Finance group have reached an agreement for the purchase of the brokerage company by the Moroccan investment bank.
Red Med Finance has officially acquired MENA Capital Partners, according to exclusive information. Shareholders of MENA Capital Partners have been seeking a buyer for some time and there had been rumors in 2020 of a potential Moroccan buyer. The Moroccan group will now have to work on developing the client base and increasing the visibility of the stock brokerage firm, which had been struggling like many other independent firms.
Red Med Finance is consolidating its position as a leading independent investment bank by acquiring a stock brokerage firm.
Established in 2004 by Abdeslam Ababou, Red Med Finance is continuing its strategy of diversification and becoming a multi-disciplinary independent investment bank, following the recent launch of Private Equity activities. The investment bank now has a complete range of services, including M&A and asset management through its subsidiary, Red Med Asset Management, which manages over ten billion dirhams of assets.
A.H
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