SPE Capital exits FMCG company

Following the approval of the competition board in Morocco, Dislog Group and SPE Capital Partners announced the exit of SPE AIF I from H&S Invest Holding. Following the transaction, the Belkhayat family and management together own 100% of H&S.

Dislog, which is chaired by Moncef Belkhayat, has achieved the transformation plan announced in June 2019 following the partnership with SPE Capital, with a successful entry into FMCG manufacturing and the restructuring of H&S into an operational holding company led by Ghislaine Benlamlih. H&S now controls 100% of Dislog Distribution, 89% of Dislog Industrie and 95% of Building Logistics (the group’s real estate company). The three divisions are independently managed and led by three general managers, Mehdi Bouamrani, Ali Tazi and Ghislaine Benlamlih, respectively.

Following the transaction, Moncef Belkhayat, CEO of Dislog stated, “We are very pleased to have completed the transformation initiated in June 2019, which enabled us to develop into the manufacturing sector and to backward integrate, so as to evolve into a full-service provider operating across the entire FMCG value chain: manufacturing, transportation, warehousing, distribution, e-commerce, marketing, advertising, media and digital. The partnership with SPE Capital availed to us the means to implement such transformation and provided us with invaluable strategic support. We are now ready for another phase of growth, in Morocco and internationally, which will contribute to preparing us for a listing on the Casablanca stock exchange.”

For his part, Nabil Triki, managing partner and CEO of SPE Capital stated, “We have had the pleasure to accompany Dislog in its transformation, from a distribution company to an integrated group with several owned brands. Through this, we were fortunate to work with a management team which ranks among the very best in the MENA region. I am also pleased to continue on this journey, alongside Moncef, as an independent board member.”

Dislog was advised by Hilmi Law firm and SPE Capital by Asafo.

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