CDG Invest Growth raises a new private equity fund

This content is a corporate communication. It has not been written by TelQuel journalists.

The redefinition of CDG Invest Growth’s identity coincides with the first closing of its new fund CAPMEZZANINE III, for a total commitment of MAD 945 million. This new fundraising testifies to the long-lasting relationships built by the management company with its institutional investors who renewed their confidence in it on the occasion of the raising of CAPMEZZANINE III. Indeed, the new fund exceeds twice the size of the previous fund which was raised in 2015 and is fully invested.

Hassan Laaziri, CEO and Brahim Guessous, Partner of CDG Invest Growth

In line with CDG Invest Growth’s strategy, the new fund will invest an average of MAD 100 million in promising companies with strong growth and operational optimization potential, either directly through equity investments or through convertible/mezzanine bonds.

This newly raised generalist fund will benefit from the expertise cultivated by the CDG Invest Growth team in key sectors for the African continent, including healthcare, education, services, new technologies and consumer goods.

Over more than twenty years, CDG Invest Growth has created 4 funds dedicated to development capital, and raised nearly two billion dirhams from a private and public investor base consisting of pension funds, insurance companies and development finance institutions. The management team has built a solid track record through 21 equity investments and 13 exits in various sectors of the economy. In particular, the company has partnered with national flagships that have become regional champions, such as HPS (electronic payment technologies), Intelcia (business process outsourcing) and T2S (distribution and maintenance of high-tech medical equipment).

Hassan Laaziri, CEO of CDG Invest Growth, said: “This new round of financing marks an important milestone for our company and reflects the renewed confidence of our investors. We will continue to support ambitious entrepreneurs and companies capable of seizing the unique growth opportunities in our region based on our proactive approach and the expertise of our teams to create value.

Brahim Guessous, Partner at CDG Invest Growth, added: “We have cultivated a unique expertise in key sectors of our economy as well as a local anchoring that brings us closer to our ecosystem and our partner entrepreneurs. Our approach is based on proximity and permanent support to bring the most value-added to our partners. This involvement will be key to making successful new investments and having a positive ESG impact on our communities. The size of this fourth fund is appropriate for the investment opportunities we see in our markets, and we thank our investors and partners for their renewed confidence.

The Moroccan private equity company, historically known as CDG Capital Private Equity, is changing its identity and becoming CDG Invest Growth (“CIG”).  This new identity confirms the mission of the management company which has been acting for more than 20 years as a gas pedal of the development of regional champions in the key sectors of the economy.