CDG Invest Growth invests in the capital of companies in Morocco and Africa

CDG Invest Growth partners with Innoflex Group to support its industrial development in Morocco

CDG Invest Growth, through Capmezzanine V, FPCC-RFA Fund, acquired a minority stake through a capital increase in Innoflex Group, a major fast-growing manufacturer and distributor of foam and mattress products in Morocco.

Founded by Mohamed El Yacoubi, Innoflex Group has developed into an established player in its sector. The Group currently employs approximately 450 people and operates two industrial facilities in Morocco.

The investment will support Innoflex Group’s next phase of development, with a focus on strengthening its industrial capacities, further structuring its organization and supporting its medium- and long-term growth.

The transaction was completed on June 25, 2026.

CDG Invest Growth was advised in this transaction by Ernst & Young (financial & tax due diligence), DLA Piper (legal counsel), Strategy& (Commercial due diligence), ERM (ESG due diligence) and Netsystem (IT due diligence).

CDG Invest Growth has signed an agreement to acquire a stake in Société Nouvelle des Conduites d’Eau (SNCE), alongside other co-investors. SNCE is a Moroccan water equipment and hydraulic projects company. The founding Laraqui family will remain SNCE’s key shareholder. The transaction remains subject to customary regulatory approvals. Founded in 1961, SNCE operates across the […]

CDG Invest Growth announced its exit from Laboratoires Steripharma, a well-established pharmaceutical business in Morocco through a strategic sale. Steripharma was founded in 1999 and has since developed a large portfolio of drugs with strong recognition among patients and practitioners. The Company has its own range of medicines (generics) and also produces/distributes drugs under license for […]

We are thrilled to announce that the Association Marocaine des Investisseurs en Capital (AMIC) has appointed a new Board of Directors, which unanimously elected Mr. Hassan Laaziri as President. The members of the Board of Directors are now: