IFC, Fipar-Holding (an investment fund managed by CDG Invest) and CDG Invest Growth (through its managed fund Capmezzanine III) will jointly hold 21.5% of the share capital of Retail Holding, alongside its historic shareholders, Best Financial and Sanam Group.
This partnership will allow Retail Holding to develop its activities in Morocco and Ivory Coast, particularly in poorly served regions, to support job creation and to contribute to the strengthening of local food supply chains.
IFC will also provide advisory services on environmental and social practices, and support Retail Holding in its efforts to improve career prospects for women, particularly in terms of recruitment and retention of talent.
With extensive experience in the mass distribution sector, Retail Holding is the majority shareholder of Label’Vie, one of the leaders in food distribution in Morocco. In Côte d’Ivoire, the group owns the Compagnie de Distribution de Côte d’Ivoire (CDCI), one of the main food distributors of the country. Finally, the Retail Holding Group recently expanded its activities in France.
IFC’s investment includes both a stake in the capital of Retail Holding, as well as financing of more than 9 billion CFA francs (or $15 million) in the capital of CDCI, in order to support its expansion plan Ivory Coast.
Thanks to their extensive experience in supporting Moroccan groups in the implementation of their development strategy, Fipar-Holding and CDG Invest Growth will help Retail Holding succeed in its ambitious growth strategy and advance its international expansion plans. .
“We would first like to express our gratitude to the Growthgate and Euromena funds for their valuable collaboration and commitment to us for more than seven years. Their support has been instrumental in our journey. We enthusiastically welcome the arrival of Fipar-Holding, CDG Invest Growth and IFC, which are major institutional players. Their solid expertise and long-term commitment will be essential assets to support us in this new phase of our development. Together, we are determined to achieve our objectives and realize our ambition to become an essential leader in distribution, both in Morocco and internationally, declared Riad Laissaoui, general manager of RetailHolding. This transition in our funding round is part of our strategic vision to strengthen our market position and explore new growth opportunities. Thanks to the support of our new partners, we look forward to diversifying our offering and innovating in our services to better meet consumer needs. By joining forces, we are committed to creating a positive impact on the community while contributing to the modernization of the distribution sector. »
Khalid Ziane, general manager of Fipar-Holdingsaid: “We are delighted to invest in a company that has a considerable impact on economic and social development by expanding people’s access to quality essential products at competitive prices, and by fostering a modern and dynamic commercial ecosystem strongly job creator. We look forward to working with all shareholders to support the growth of the Retail Holding Group both in Morocco and internationally, through the strengthening of the territorial network as well as the development of new segments, including e-commerce.”
Hassan Laaziri, general manager of CDG Invest Growthdeclared for his part: “Our partnership with the RetailHolding group is testimony to our commitment to supporting a pioneering strategy. Indeed, our objective is to contribute to the execution of an ambitious vision of the group, consisting of a range of modern, accessible stores, adapted to each Moroccan citizen, while offering the right product, at the right price, at the right price. place and at the right time. Together, we have the opportunity to transform the consumer experience and contribute to a more inclusive future.”
“We are convinced that the private sector can play a key role in the food distribution industry to enable modern retailers to bridge the gap between supply and demand and, thus, contribute to food security in the region, pointed out David Tinel, IFC regional representative for the Maghreb. This partnership is a continuation of IFC’s strategy aimed at supporting the expansion of Moroccan companies and their development in Africa. »
Over the past three years, IFC has invested and mobilized more than $1 billion in Morocco. In 2024 alone, its commitments to sustainable development in the country amounted to around $600 million.
