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 acquires a significant minority stake in Agri Trade Maroc, a leading player in fertilizers’ distribution in Morocco and a subsidiary of SCE Group. This operation aims to support ATM’s growth on the conventional fertilizers segment and strengthen its presence on the speciality fertilizers market in Morocco and the African continent. Nadia Tarari, […]

CDG Invest Growth announces the exit of Capmezzanine II Fund from Maymana, a leading player in high-end pastry, bakery, catering and fine grocery in Morocco, alongside the entry of Adenia Partners into the company’s capital. Founded in 1985 in Rabat by Naima Berrada Benchekroun, Maymana is a leading FMCG player promoting Moroccan culinary traditions both […]

CDG Invest Growth takes a stake in T2S (Techniques Science Santé), Morocco’s leading distributor of high tech medical equipment. T2S, the leader in the distribution and the maintenance of medical equipment Founded in 1992, T2S assists healthcare professionals in the installation, training for utilisation and maintenance of high technology medical equipment. T2S distributes in Morocco […]