Amethis announces investment in Energy Transfo
Private equity firm Amethis has announced that it has acquired a minority stake in Energy Transfo, a player in the design and manufacturing of solutions for the electricity and renewable energy sectors in Morocco.
Founded in 1989 and taken over by the Taariji family in 1994, Energy Transfo is a Moroccan company specialising in the manufacturing and sale of transformers, electrical cabinets and compact urban substations, products that are at the heart of electricity distribution.
Energy Transfo’s aim is to convert medium-voltage electricity into low-voltage electricity, connect it to the grid and make it ready for use by households, industry, and public services. The company has diversified over the last five years by creating a solar and electric mobility division, but also through the creation of a customer support service that enables it to deepen its relationships with customers.
Through this investment, Amethis aims to support Energy Transfo in strengthening its position in Morocco and pursuing its growth in sub-Saharan Africa.
Nouzha Taariji, managing director of Energy Transfo, said, “We are delighted to welcome Amethis on board to further the development of Energy Transfo in Morocco and sub-Saharan Africa. Amethis’ investment comes at the right time to support us during this growth phase and help us achieve our ambition of becoming a key regional player in the electrification of the continent.”
Capital Trust acted as financial advisor and transaction coordinator to Energy Transfo. Mouttaki Partners acted as legal counsel to Energy Transfo while DLA Piper advised Amethis. BDO, PPGM conseil and Ibis advised Amethis on financial and tax due diligence, operational due diligence and ESG due diligence respectively.
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