Tuesday, December 10, 2019 UTC
Recognized by industry leaders for extensive coverage on African Asset Management
News > Private Equity > Deals

MC III makes fifth investment

Anna Lyudvig
Nov. 27, 2019, 9:56 p.m.

Word count: 448

Mediterrania Capital Partners has invested through its MC III Fund an undisclosed amount in Akdital Holding, which operates five clinics in Greater Casablanca, Morocco, with the objective of supporting its expansion plans.

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

Mediterrania Capital Partners has invested through its MC III Fund an undisclosed amount in Akdital Holding, which operates five clinics in Greater Casablanca, Morocco, with the objective of supporting its expansion plans.

The completion of MC III’s investment in Akdital Holding is pending regulatory approval.

Founded in 2011 by Dr Rochdi Talib, Akdital began operations with the Jerrada Clinic in Casablanca which holds 100 beds.

Later, the group put in place an expansion strategy that led to the opening of four additional clinics in the Casablanca area between July 2018 and October 2019.

In that period, Akidtal opened two multidisciplinary clinics in Ain Borja and Ain Sebaa, plus one clinic specialising in oncology and another specialising in cardiology.

Akdital also owns a structure that receives patients from Sub-Saharan Africa, Southern Europe and the MENA region. Today the group has a total capacity of 550 beds.

This is the fifth investment by MC III, joining TGCC (Morocco), Cairo Scan (Egypt), Groupe Cofina (Côte d’Ivoire) and Aziza (Tunisia).

Through this investment, Mediterrania Capital Partners will support Akdital in its expansion plans, which seek to fulfil the increased demand driven by positive demographics and improved economic conditions in Morocco.

Hatim Ben Ahmed, Mediterrania Capital Partners’ Partner, said: “We are pleased to partner with Akdital Holding and offer our financial, strategic and operational support to sustain the group’s expansion plans. Akdital is an extremely successful company, very well positioned to fulfil the increasing demand for private medical services in Morocco. We are confident that this partnership will help improve Akdital’s foundations and consolidate its leadership while making top-quality healthcare services more accessible to a larger portion of the Moroccan population.”

In recent years, the healthcare sector in Morocco has been benefiting from a new legal framework; a growing middle class with increased purchasing power and more concerned about health; an ageing population with longer life expectancy; urbanisation trends that see the population concentrated in five urban areas in Morocco where the purchasing power is the highest; and rising medical tourism that looks for skilled and affordable services and top-quality equipment and infrastructures.

Dr Rochdi Talib, Akdital Holding’s Founder and CEO, said: “The team of Mediterrania Capital quickly understood our work dynamics and business objectives and showed a solid knowledge of the healthcare sector and the market trends. Their strategic vision and hands-on, practical approach made them the perfect partner for us. We are very excited to have Mediterrania Capital on board as we continue our expansion in Morocco.”

Financial advisors for this transaction: The healthcare specialist Innova Santé, BMCE Capital Conseil, OMNIPACT and Le Centre d’Etude, de Gestion et d’Organisation.

Legal advisors for this transaction: ASAFO & Co and ALLEN & Overy.

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