This exit was completed at the same time as Development Partners International (DPI) joined Cofina's share capital for an amount of 60 million dollars.

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Cet exit a été réalisé concomitamment avec l’entrée dans le tour de table de Cofina du fonds d’investissement Development Partners International (DPI) pour un montant de 60 millions de dollars.

Mediterrania Capital Partners (MCP) a cédé l’intégralité de sa participation dans le Groupe Cofina, leader de la mésofinance et des services financiers transactionnels en Afrique de l’Ouest et en Afrique Centrale. Cet exit a été réalisé concomitamment avec l’entrée dans le tour de table de Cofina du fonds d’investissement Development Partners International (DPI) pour un montant de 60 millions de dollars.

Fondé en 2013, Mediterrania Capital Partners est un fonds de Private Equity qui investit principalement auprès de PME et d’ETI en Afrique.

Cofina a agi en tant que conseil juridique du groupe Cofina. DPI était conseillée par KPMG et Asafo&Co.

[Communiqué de presse](https://www.mcapitalp.com/mediterrania-capital-partners-exits-groupe-cofina-the-leading-mesofinance-and-transactional-financial-services-institution-in-west-and-central-africa/)

Mediterrania Capital Partners (MCP) has sold its entire stake in Groupe Cofina, a leading provider of mesofinance and transactional financial services in West and Central Africa. 

This exit was completed at the same time as Development Partners International (DPI) joined Cofina's share capital for an amount of 60 million dollars.

Founded in 2013, Mediterrania Capital Partners is a dedicated Private Equity firm focusing on growth investments in SMEs and mid-cap companies in Africa.

ADNA acted as legal advisor of Cofina. DPI was advised by ASAFO & Co and KPMG.

[Press release](https://www.mcapitalp.com/mediterrania-capital-partners-exits-groupe-cofina-the-leading-mesofinance-and-transactional-financial-services-institution-in-west-and-central-africa/)

The acquisition was conducted through Mutandis’ wholly-owned subsidiary, Distra, from Société Boissons du Maroc (SBM), at an estimated price of MAD 380,000,000.

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KZ and Partners is delighted to announce its recent successful advisory role in Mutandis' acquisition of Euro African des Eaux (EAE). The acquisition was conducted through Mutandis’ wholly-owned subsidiary, Distra, from Société Boissons du Maroc (SBM), at an estimated price of MAD 380,000,000.

EAE is a prominent concessionaire of a natural water source, Ben Smim, located in the Middle Atlas Mountain. It also owns Ain Ifrane, a popular water brand in Morocco. The acquisition included the purchase of some distribution assets from SBM, which were sold to EAE prior to the completion of the transaction.

The completion of this transaction was subject to the satisfaction of certain conditions precedent, in particular the approval from the Moroccan Competition Council.

This strategic acquisition consolidates the position of the Mutandis group as a leading market player in the beverage sector. It is anticipated to boost the company's revenues to around MAD 350 million for the drink division.

The KZ and Partners team, led by Partner Omar Zizi, and assisted by associate Nezha Benabdeljalil, provided their expertise and advice to ensure the successful completion of this acquisition.

For further information, contact us (contact@kzandpartners.com).

[Press release](https://www.ammc.ma/sites/default/files/CP_Mutandis_realisation_definitive_acquisition_EAE.pdf)

**About Mutandis:**

Mutandis is a Morocco-based company operating in the wholesale industry. As an industrial and commercial group, Mutandis specializes in consumer goods across three business lines: detergents, seafood products, and bottles. In the detergent sector, the company produces a variety of products such as washing powder, multipurpose paste, and bleach under brands like Magix, Wash, and Nex, among others. In the seafood products line, Mutandis manufactures and distributes canned fish to Africa, Europe, and the US under brands such as Josiane, Anny, and Season. In the bottle sector, Mutandis produces PET (Polyethylene Terephthalate) bottles and plastic bottle caps for sodas, mineral water, cooking oil, and fruit juice. Mutandis is a publicly listed company on the Casablanca Stock Exchange.

**About SBM:**

SBM, a leader in the agri-food sector, has been a historical producer of beer in Morocco since 1919. Under the governance of the Castel Group, its majority shareholder since 2003, SBM has diversified its activities and established high-quality industrial processes. The company is engaged in the production and distribution of beers, wines, and olive oil. With the recent disposal of its water business, SBM will now concentrate on its core activity: the production and distribution of beers. SBM is a publicly listed company on the Casablanca Stock Exchange.

This investment is part of a seed financing round, which allowed Share ID to raise a total of around MAD 20 million. VC fund NewFund and business angels also participated in this initial round.

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CDG Invest (under the 212 Founders program) invested MAD 8.7 million in the French startup Share ID. 

This investment is part of a seed financing round, which allowed Share ID to raise a total of around MAD 20 million. VC fund NewFund and business angels also participated in this initial round.

Share ID's primary activity is developing and marketing solutions for authentication, identity verification, and personal data security.

Parallel Avocats AARPI and MF2A acted as legal advisors to Share ID and NewFund, respectively. The KZ & Partners team was led by Omar Zizi.

[Press release](https://drive.google.com/file/d/1GeVLGMu_ayrdaZreO2M-W4f9pqXjY2mk/view)

This investment was completed during a fundraising round for Palm, in which Kima Ventures and BPI France also participated.

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**CDG Invest**, a subsidiary of the Caisse de Dépôt et de Gestion, completed this investment as part of "_212 Founders_", a funding and support program for innovative entrepreneurs with international ambitions.

This investment was completed during a fundraising round for Palm, in which Kima Ventures and BPI France also participated.

Palm, a startup specializing in worktech, is transforming talent management and retention through AI. It now positions itself as a major player in talent management within companies.

This fundraising will allow Palm to continue its growth in Europe and strengthen its artificial intelligence competence center in Morocco.

[Press release](https://drive.google.com/file/d/1EzJB7-q-k59Fo227y3S1vBdjLxgBy14C/view)

This operation is part of Talan's internationalization strategy, which is now present in 10 countries.

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This operation will allow Talan o strengthen its expertise in logistics and explore new opportunities in the MENA region.

Our firm completed legal due diligence works, reviewed the legal documentation in connection with the transaction, assisted the buyer to obtain the required regulatory authorizations (particularly from the Moroccan Foreign Exchange Office and the Competition Council), and carried out the legal formalities.

Parisian law firm Archers (Talan Group's historical legal advisor) collaborated with our firm in this operation. The sellers were assisted by Adna.

For more information, contact us (contact@kzandpartners.com).

[Press release](https://talan.com/actualites/detail-actualites/news/le-groupe-talan-reprend-les-activites-de-gcl-emea/)

About Talan:

Talan is an international consulting group specializing in transformation and innovation through technology. Present on five continents, the Group expects to achieve sales of €600 million in 2023 for over 6,000 consultants, and aims to exceed the €1 billion mark in sales by 2025.

KZ & Partners advised MCP on its exit in the Cofina Group.

KZ and Partners successfully advises Mutandis on the acquisition of EAE

KZ & Partners advised CDG Invest in its investment in ShareId.

KZ & Partners has assisted CDG Invest in its investment in Palm.

KZ and Partners has assisted Talan on the acquisition of GCL