CASABLANCA –Allen & Overy advised Travaux Généraux de Construction de Casablanca (TGCC) on a MAD 550 million (approximately EUR 50 million) equity investment in its share capital by MC II Concrete Ltd (MC II), an investment vehicle of Mediterrania Capital Investment Fund.

This investment will allow TGCC to continue its exponential growth in the Moroccan market and support its African ambitions as well. Indeed, in the last five years, it has opened subsidiaries in Gabon and Ivory Coast, setting the first stones of its expansion in the rest of the continent.

Mediterrania Capital Investment Fund is a growth fund dedicated to investment projects in Africa and has been created by Mediterrania Capital Partners, the regional Private Equity firm with offices in Barcelona, Casablanca, Tunis, Algiers and Malta. Its main investors are international financial institutions which includes Proparco, World Bank and IFC.
A&O team was led by partner Hicham Naciri, counsel Younes Maleh and senior associate Lamya Kerroumi.