Rabat, Morocco, October 14, 2024 – Red Med Corporate Finance supported the investment fund GrowthGate Capital in the sale of its stake in Retail Holding, a leader in food and consumer goods distribution in Morocco and West Africa. Following this transaction, a consortium composed of the International Finance Corporation (IFC), Fipar-Holding, and CDG Invest Growth acquired 21.5% of Retail Holding’s capital, alongside its historical shareholders, Best Financière and Sanam Group.
Karim Souaid, Managing Partner of GrowthGate Capital, stated: “This strategic transaction reflects our continued commitment to the companies in our investment portfolio and the development of the region. We have had the honor of rigorously supporting the exceptional management of Retail Holding, contributing to its success. We would also like to express our gratitude to our financial advisor, Red Med Corporate Finance, and to everyone who contributed to the completion of this operation.”
Abdeslam Ababou, Founder and President of Red Med Capital, commented: “This transaction confirms our role as a strategic advisor in large-scale operations that drive the growth of regional leaders.”
Amine Alami, Partner & M&A Director of Red Med Corporate Finance, added: “We are proud to have supported GrowthGate Capital in this strategic operation. This demonstrates our expertise in structuring complex M&A transactions and our ability to collaborate with leading institutional partners to support high-impact investments in the Moroccan and African economy.”
With more than 12 billion dollars in intermediated transactions, Red Med Corporate Finance has established itself as a key player in mergers and acquisitions, fundraising, and strategic transactions in Morocco and Africa.
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