Promamec, a medical equipment and consumables distributor in Morocco, received a €30m minority equity investment from Vantage Capital.
The deal will facilitate the exit of the private equity fund AfricInvest, and fund growth capex. The transaction is conditional upon the approval of the Moroccan competition authorities.
Founded in the early 80s by the Lahlou Family and led by Mr. Naoufal Lahlou, CEO, Promamec has grown into one of Morocco’s leading medical consumables and equipment distributors.
This investment will enable the company to finance its development plan that involves increasing the production capacities, broadening its product offering by launching new product categories, and strengthening its positioning in sub-Saharan Africa.
FinSMEs
04/05/2023