Rabat – Interfina, V-Holding, and the Mohammed VI Polytechnic University (UM6P) have jointly acquired Valyans Consulting, Morocco’s Competition council said on Friday.
V-holding holds a 56% stake in the consulting firm, while each of UM6P and Interfina own 22% of the company, the council noted.
Interfina is a private equity subsidiary of O Capital Group, chaired by Othman Benjelloun, who is also the co-founder of BMCE Bank and Bank of Africa.
At 91 years of age, Benjelloun remains the head of one of Africa’s largest banking groups with operations in over 20 African countries.
He is currently the 15th richest individual in Africa, according to Forbes’ latest list of African billionaires.
Interfina’s main mission is to acquire stakes in companies with high development potential as well as supporting companies in implementing their development strategy.
The acquired company – Valyans – was founded in 2000 by Mouhcine Jazouli, Morocco’s Deputy Minister for Investment. It is a firm specialized in consultation, IT , and corporate finance.
UM6P is a Moroccan non-profit private research university established in 2013 by the Moroccan Phosphate and fertilizer giant the OCP Group.
Since its inauguration in 2017, the UM6P has become a leading research institution for collaborations between Africa and the rest of the world.
Morocco’s Ministry of Industry and Trade, UM6P, and the OCP Foundation launched on April 7 a campaign to identify 100 startups that will benefit from the support of the Moroccan Retail Tech Builder (MRTB).
The MRTB program aims to accelerate the digital transformation and the trade sector in the North African country.
The program also focuses on identifying startups aimed at developing innovative digital solutions to implement in the retail sector and improve its added value by 2024.
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