Deals - Feb 09, 2026

Asafo & Co. advised Adenia Partners, a leading private equity firm focused on investments across Africa, on the sale, alongside Proparco, of OCS Group’s operations in Morocco and Senegal to a consortium led by Retail Holding, together with pan-African investment fund Amethis.

Established in 2009, OCS has grown into a leading integrated services provider in the region, combining catering and facility management activities across Morocco and Senegal. The Group operates under several established brands and serves a diverse portfolio of institutional and private-sector clients.

Since Adenia and Proparco’s investment in 2021, OCS has more than doubled in size and undergone significant operational and institutional development. During this period, the Group broadened its service offering to include facility management, enhanced governance and management processes, and integrated robust ESG standards across its operations.

The transaction remains subject to regulatory approvals.

The Asafo & Co. team advising on the transaction was led by partner Patrick Larrivé, supported by senior associate Thami El Idrissi, as well as associates Maxence Letisse, Mady Thiam, Baptiste Persouyre and Souhail Sassi.