Tuesday, January 22, 2019 UTC

AGF Magazine - November issue

  • We would like to congratulate all the winners of the third annual AGF Awards
  • In celebration, we are making our November issue absolutely free
  • Please complete the form below to receive the link
News > Private Equity > Deals

CDG Capital Private Equity invests in Trarem Afrique

Africa Global Funds
Jan. 9, 2019, 10:53 a.m.
458

Word count: 421

CDG Capital Private Equity, a private equity firm focused on growth investments for SMEs in Morocco, has acquired a stake in Trarem Afrique, a manufacturer and distributor of office furniture in Morocco. 

Receive ONE magazine and TWO locked articles of your choice for FREE when you register an account
Share:

CDG Capital Private Equity, a private equity firm focused on growth investments for SMEs in Morocco, has acquired a stake in Trarem Afrique, a manufacturer and distributor of office furniture in Morocco. 

The investment was made through Capmezzanine II SCR.

Brahim Guessous, Partner at CDG Capital Private Equity, said: “We are excited to support the Trarem team in its adventure. Trarem enjoys a strong reputation with its customers and has invested in its industrial equipment to manufacture quality products at competitive prices.” 

“With the expected launch of new business office spaces in Casablanca (Casablanca Finance City), a strong management team and our hands-on support to the company, we see the right conditions for value creation for Trarem,” he said.

Established in 1957, Trarem is a manufacturer of furniture and products for office environments.  

The company was acquired by the Bennis family in 1967 who developed it from a small workshop to a large industrial group. 

It is currently run by the M. Samir Bennis, the grandson of the founding CEO of the company 50 years ago.

The company helps its customers define their needs for their workspaces and supplies all the furniture and architectural products to create modern and comfortable workspaces.  

Trarem invested heavily in the last few years in industrial equipment to locally manufacture furniture in high volumes. 

It is also the exclusive distributor of international brands for higher-end products. 

With a large array of products, it can offer tailor made solutions for its customers with a mix of locally made and imported products.

CDG Capital Private Equity’s investment is aimed at supporting Trarem’s growth plans and new project based strategy.  

Indeed, the market is shifting from customers buying from catalogues to larger projects where the company designs tailor made solutions to meet the clients’ needs.

Samir Bennis, CEO of Trarem said: “We welcome the partnership with CDG Capital Private Equity.  As a third generation family run business, we have been impressed by the vision CDG Capital Private Equity brought to us for Trarem and are confident the team we are partnering with will help us execute successfully our business plan.” 

“With this investment, we are looking to strengthen our position in our markets and capture the various growth opportunities we see in Morocco and Africa.”

Trarem is the third investment of Capmezzanine II, following T2S (medical equipment) and Maymana (fine catering).
CDG Capital Private Equity is a regulated financial investment manager licensed by AMMC (Association Marocaine des Marchés de Capitaux)

Registration Login
Sign in with social account
or
Lost your Password?
Registration Login
Sign in with social account
or
Registration Login
Registration