(Ecofin Agency) – Having joined Moroccan operator Outsourcia in 2016, AfricInvest is selling its shares to a new player, SPE Capital, which will now control the company as the majority shareholder.
The private equity fund manager, SPE Capital, has acquired a majority stake in the capital of the Moroccan group Outsourcia. The conclusion of an agreement with SPE Capital was announced on Wednesday, May 18.
The transaction was executed through the SPE AIF I investment fund dedicated to North African small and mid-cap companies. SPE Capital paid 330 million dirhams ($33 million) for this acquisition, which is awaiting completion.
The capital-investor who enters the round table of the Moroccan specialist in outsourcing and outsourced customer experience will replace another investor on departure, namely: AfricInvest. He spent 6 years in the Outsourcia shareholding.
“The arrival of an investment fund managed by SPE Capital in the Outsourcia group’s funding round should allow us to open a new chapter in our development, and accelerate our growth, organic and external, both in Europe than in Africa, commented Youssef Chraibi, Managing Director of Outsourcia.
This takeover of SPE Capital had been notified at the Moroccan Competition Council on April 23.
Referring to the results of AfricInvest’s investment in 6 years, the management of the Moroccan group indicates that this investor has accompanied the development of the company both financially and strategically. He specifically contributed to the acceleration of organic and external growth, which enabled the continuous improvement of Outsourcia’s offer and the strengthening of its international presence, particularly in France and Madagascar.
For its part, SPE Capital emphasizes that the company knows “a remarkable growth trajectory”, and evolves in a buoyant business sector that meets the increased need for outsourcing of many functions as well as the challenges of access to employment on the continent.
Chamberline Moko