Morocco: EBRD approves investment in FMCG business
The European Bank for Reconstruction and Development has disclosed an approved equity investment of $25 million in Dislog Group.
** For the best experience, download the free Africa Private Equity News app Android | iOS **
The European Bank for Reconstruction and Development (EBRD) has disclosed an approved equity investment of $25 million in Dislog Group, a full-service provider in Morocco's fast-moving consumer goods and healthcare markets.
The funds will be allocated towards financing the company's mergers and acquisitions strategy, and reducing its leverage.
Dislog Group was founded in 2005 by Moncef Belkhayat. The company is majority owned by H&S Invest Holding, a diversified Moroccan group.
The transaction is part of a larger equity investment alongside a consortium made up of SPE Capital, IFC, Sanam Holding, Sanlam and the family holding company H&S.
Stay ahead in Africa's private equity and venture capital sector with Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Subscribe here