Deals - Oct 15, 2020

Asafo & Co. advises the Cliniques Internationales du Maroc (CIM) and the Chaara family in a $28m fund raising via its holding company CIM Holding through the acquisition of a minority stake by Vantage Capital, the largest mezzanine fund manager on the African continent.

CIM Santé Group is Vantage Capital’s second investment in Morocco and third investment in Francophone Africa. The funding will enable the founding family to finance the extension of the existing clinic in Marrakech and the opening of new clinics in Tangier and Casablanca. The Asafo & Co. team advising CIM and the Chaara family included Patrick Larrivé and Benoit de Monval, partners, as well as Kaoutar Bedraoui Idrissi and Cyril Kalfat.