Valoris Group, an independent Moroccan investment bank, is launching Valoris Equity Fund (VEF), its first investment fund managed by the subsidiary Valoris Capital dedicated to the private equity business. This FPCC (collective capital investment fund), approved by the AMMC (Moroccan Capital Market Authority) on June 24, 2022, “was born thanks to the support and confidence of private and public institutional shareholders of first rank essentially representing the provident, banking and insurance sectors”, indicates the investment bank. These shareholders, she adds, participated in the first closing established at more than 300 million DH (for a target capital of 800 million DH). With the desire to invest tickets between 20 and 75 million DH for minority or majority stakes, Valoris Equity Fund “aims at companies with strong growth and/or revitalization potential”.
Valoris Equity Fund has already carried out two minority equity investments for a cumulative ticket of 50 million dirhams in the primary sector and the digitalization of the economy. Thus, by entering into the capital of Belferme SA, a 132 ha farm in the Moulay Bousselham region, Valoris Equity Fund “is accelerating the plantation program of this partner operator of the world leader in red fruits, the American Driscolls, and create, in turn, several hundred mainly female jobs in a region strongly affected by underemployment”.
The second investment benefited the Afritechia group, a specialist in the integration of interactive digital solutions (in particular the digitization of the customer journey) and which relies on the support of Valoris Equity Fund for the launch of its subsidiary Itechia TV which was a pioneer, in early 2022, in the launch of the first mobile digital outdoor network (Digital Out Of Home).