Deals, Non classé - May 23, 2022

Asafo & Co. advised Red Med Private Equity (RMPE) in obtaining its licence as a management company and setting up the initial fundraising amounting to MAD 300 million ($US 30 million) of its first fund, “Colombus 1”.

The fund, which is limited to MAD 1.1 billion (USD 110 million), aims to support Moroccan SMEs through investment tickets primarily between MAD 30 and 90 million.

Columbus 1’s strategy focuses on supporting SMEs in value creating development or corporate transfer projects.

The initial closing of Colombus 1 includes Moroccan institutional and private domestic players, in particular, the Caisse Marocaine des Retraites (CMR), Al Barid Bank, Best Financière, CAT Assurance & Réassurance and the CNSS (via a dedicated fund)

Prior to assisting RMPE in the context of the initial closing and setting up Colombus 1, ASAFO & CO. also advised RMPE in connection with obtaining its licence as a management company.

The ASAFO & CO. team in Casablanca advising RMPE was led by partner Benoit de Monval who was assisted by associates Cyril Kalfat and Martin Van Box Som.