Adenia exits Moroccan investment
Adenia Partners, together with Proparco, has signed an agreement to sell OCS Group’s operations in Morocco and Senegal.
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Adenia Partners, together with French development finance institution Proparco, has signed an agreement to sell OCS Group’s operations in Morocco and Senegal to a consortium led by Morocco’s Retail Holding, alongside pan-African investment fund Amethis.
Founded as a catering operator in 2009, OCS established itself within a decade as one of the two leading players in the Moroccan market, before diversifying its activities by integrating a comprehensive facility management offering. The group operates under the brands Ansamble and Proxirest for catering, and Artis Facilities in Morocco and Alizés in Senegal for facility management.
Stéphane Bacquaert, managing partner at Adenia Partners, said: “OCS fully illustrates our approach as an active and engaged investor alongside Africa’s regional leaders. Working closely with the management team, we supported a phase of structuring, refocusing and scaling up, enabling OCS to establish itself as a leading provider of services to businesses and public entities. Now with their shareholding firmly anchored locally, the group has very strong development prospects.”
Nicolas Belleteste, CEO of the OCS Group, added: “We would like to thank Adenia and Proparco for their trust and invaluable support. Together, we were able to write a fine chapter in the history of this group, bringing it clarity, strategic vision and financial strength. This transaction opens a new chapter for us and our employees. We are eager to work with our new partners Retail Holding and Amethis, with the ambition of continuing our growth trajectory and sustainably consolidating our leading position in Morocco and Senegal.”
Through the transaction, the Retail Holding-Amethis consortium intends to support the OCS Group’s development in its next phase of growth. With a majority Moroccan shareholding base, the consortium aims to sustainably strengthen OCS’s position in its key markets, while leveraging commercial and operational synergies with Retail Holding and its subsidiaries, as well as with the Amethis network.
Riad Laissaoui, CEO of Retail Holding, said: “This acquisition, carried out with our long-standing partner Amethis, is fully in line with our external growth strategy, which aims to position us in high-potential markets by acquiring leading companies with solid foundations, whose core business is complementary to ours, offering numerous opportunities for synergy and increased business volume.”
Wilfried Poyet, senior partner at Amethis, added: “We are very pleased to make a new investment – our sixteenth – in Morocco, alongside Retail Holding, a long-standing partner of Amethis and a key player in the Kingdom’s private sector. We share with Nicolas Belleteste and his teams a common and ambitious vision for the OCS Group.”
Completion of the transaction remains subject to customary closing conditions, including regulatory approvals.
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