Company News - May 22, 2024

Asafo & Co. recently advised HOLGED (Holding Générale d'Education), a major player in the North African educational sector, on the acquisition of KENZI, a leading nursery in Casablanca.

This transaction is in line with the Group’s development strategy, which aims to extend its educational offering to early childhood. KENZI, renowned for its commitment to quality education from an early age, will benefit from HOLGED’s expertise to ensure its development throughout Morocco.

Founded in 1986, HOLGED is a group of first-rate educational establishments, from kindergarten to senior high school, with over 17,000 students affiliated to 6 benchmark educational brands (the Yassamine, Jouri, Al Jabr and Al Massalik schools in Morocco, ISC in Tunisia and the Ecole Française Internationale de Sharjah in the United Arab Emirates) and 18 campuses.

The Asafo & Co. team advising HOLGED was led by partner Patrick Larrivé who was assisted by Safaa El Khammal, Zineb Benabdellah and Souhail Sassi.