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CDG Invest Growth (CIG) of Morocco has acquired stakes in Agri Trade Maroc (ATM), a company operating within the materials sector focusing on fertilizers & and agricultural chemicals
CDG Invest Growth (CIG) of Morocco has acquired stakes in Agri Trade Maroc (ATM), a company operating within the materials sector focusing on fertilizers & and agricultural chemicals. The company’s officials said that the acquisition was facilitated through the Capmezzanine III Fund.
ATM, a prominent player in the fertilizer distribution industry in Morocco, will leverage the capital injection to enhance its activities in conventional fertilizers. That strategy will enhance its market share, and pave the way for the establishment of a dedicated Made-In-Morocco fertilizer marketing platform in Africa.
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The partnership between CIG and ATM will also cater to the much-needed financial support and also will institutionalize ATM’s shareholder base. The deal will provide ATM’s management with invaluable guidance and expertise from the CDG Invest Growth management team, which boasts a legacy of nearly 25 investments and 16 divestments spanning over two decades across various sectors of the Moroccan economy. This equity participation represents the third investment made by the Capmezzanine III Fund, raised by CDG Invest Growth in 2021.
