CDG Invest Growth acquires stake in Agri Trade Maroc

CDG Invest Growth acquires stake in Agri Trade Maroc

26/03/2024

CDG Invest Growth (CIG) has finalized its acquisition through the CAPMEZZANINE III Fund into the equity of Agri Trade Maroc (ATM or the « Company »), a leading player in the Moroccan fertilizer distribution sector.

This capital increase will notably continue ATM’s development in conventional fertilizers, strengthen its presence in the specialty fertilizer market, and promote the development of a Moroccan-origin fertilizer marketing platform in Africa.

Beyond financial input, this partnership will formalize the Company’s shareholder structure and provide its management with guidance from CDG Invest Growth’s experienced team, which boasts nearly 25 investments and 16 divestitures over more than two decades across various sectors of the Moroccan economy.

This investment marks the third for the CAPMEZZANINE III Fund, raised by CDG Invest Growth in 2021.

Nadia Tarari, Chairman of the Board of Agri Trade Maroc, stated, « The inclusion of CDG Invest Growth in Agri Trade Maroc’s equity is a pivotal moment in our company’s growth, opening up promising new prospects for our future. It will enable the financing of our projected development in Morocco as well as in other African regions where we plan to expand.

This investment reflects confidence in our strategy and talented team. We are confident that this collaboration will benefit all our company’s stakeholders, and we are committed to exerting every effort to maximize the outcomes of this partnership. »

Abdelkbir Moutawakkil, CEO of Agri Trade Maroc, added, « The capital influx from CDG Invest Growth significantly strengthens our financial structure. It will enable us to finance our investment projects, modernize our infrastructure, and bolster our teams. We believe these strategic investments will help us capture new growth opportunities and strengthen our market position.

With optimism and determination, we embark on this new phase of development for Agri Trade Maroc. I am convinced that with our cohesive team and solid development plan, we will achieve remarkable performances. »

Hassan Laaziri, CEO of CDG Invest Growth, shared, « We are convinced that Agri Trade Maroc is the ideal partner to carry our investment in this crucial sector for the development of national agriculture and also in Sub-Saharan Africa. ATM’s advantageous market positioning, growth strategy, and proven management expertise have reinforced our decision to support the Company in this new development phase. »