Vantage Capital exits Moroccan investment
Vantage Capital, an African mezzanine finance fund manager, has exited its investment in Equity Invest.
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Vantage Capital, an African mezzanine finance fund manager, has exited its investment in Equity Invest, a Moroccan group comprising six companies operating across various segments of the information technology space. The group’s business lines include electronic security, audiovisual multimedia systems, renewable energy, digital payments, e-commerce and hospital management software.
Vantage provided Equity Invest with an €8 million mezzanine finance facility in October 2019. The funding enabled the founder, Ali Bettahi, to secure a controlling stake in one of the group’s flagship subsidiaries, Unisystem Group, by acquiring the shares that were held by a private equity investor.
Luc Albinski, executive chairman at Vantage Capital, commented, “Equity Invest was our first investment in Morocco. The transaction, which consisted of a leveraged management buy-out funded by a structured mezzanine finance instrument, was also a first-of-its-kind in the Kingdom. We would like to thank Mr Bettahi for his trust, as our partnership enabled Vantage to establish a presence in Morocco – which has since grown to become one of our key markets and where we are proud to have now concluded four investments over six years.”
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