AfricInvest is taking a significant minority stake in Outsourcia Group, a contact center, business process outsourcing and digital services provider based in Morocco. Terms of the deal were not disclosed. The investment marks the eleventh transaction for the pan-Africa mid-cap focused private equity manager’s €150 million Mahgreb Private Equity Fund III.
Outsourcia, which was founded in 2003, now operates 9 sites in France, Morocco, Madagascar and Niger and counts a number of blue chip firms among its customer-base, including Carrefour, Editions Atlas and Showroomprivé. The capital will be used to push the company’s expansion plans further, supporting a corporate development initiative named “Acquire and Migrate” to other African regions intended to maintain the strong growth trajectory the business has enjoyed since its launch.
Brahim El Jaï, Managing Director at AfricInvest Morocco who along with his colleague Omar Laalej is taking a seat on Outsourcia’s board welcomed “…the opportunity to work with such visionary entrepreneurs who have already managed to establish a market-leading position in the area of outsourcing.” He continued “The European market for outsourcing still has considerable room for development, and sub-Saharan Africa in particular represents an important opportunity for Outsourcia. AfricInvest’s infrastructure and experience across the continent should provide a helpful platform for the company’s expansion.”
Belouchi & Fassi-Fihri Law Firm and Darrois Villey Maillot Brochier provided AfricInvest and Outsourcia respectively with legal advice for the transaction.