Deals - Apr 24, 2026

Asafo & Co. advised Mediterrania Capital Partners (MCP), a private equity firm focused on growth investments in SMEs and mid-cap companies across North Africa and Sub-Saharan Africa, on its acquisition of 100% of Société Marocaine des Manufactures de Mohammedia (SMMM), the holding company of Amcor Flexibles Mohammedia (AFM), from Amcor Group.

AFM is a leading Moroccan manufacturer of flexible packaging solutions, serving primarily the dairy industry, as well as the pharmaceutical, agri-food, and personal care and hygiene sectors. Based in Mohammedia, AFM operates a fully integrated industrial platform and benefits from a rich industrial heritage dating back to 1949. Since its integration into the Amcor Group in 2010, AFM has become a recognized player in the Moroccan packaging industry, building strong operational capabilities and high quality standards.

This acquisition reflects MCP’s strategy of investing in market-leading mid-cap companies in Africa and supporting their next phase of growth, underscoring the attractiveness of Morocco for international investors and the growing role of private equity in the transformation of the country’s industrial landscape.

The completion of the transaction remains subject to customary regulatory approvals.

The Asafo & Co. team advising on the transaction is led by partner Patrick Larrivé, with support from senior associate Kamil Zizi and associate Shagufta Ashfaq, as well as associates Lilia-Oriana Dif, Assia Khalidi, Souhail Sassi and Adrien Trauchessec.

Ascent Capital Partners (Abdellatif Imani) acted as sell-side investment bank.