Mohammedia – CDG Invest Growth has moved a step closer to expanding its investment footprint with the signing of an agreement that would bring its fifth fund, Capmezzanine V, into the capital of Sodalmu, the Moroccan company behind the ICE line of soft drinks.
The deal is still awaiting the green light from the Competition Council, but both sides are already framing it as a significant milestone for the local beverage market and for Moroccan-made brands in general.
The planned minority stake is being presented as a way to reinforce Sodalmu’s position in the national market at a time when demand for local products continues to grow.
The company has built its presence around the ICE brand, which has become a familiar name in the soft drinks segment.
By entering its capital, CDG Invest Growth is signaling confidence in Sodalmu’s trajectory and its ability to scale further inside the country.
The investment arm also sees the move as a natural extension of its mission to support national champions.
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Hassan Laaziri, the head of CDG Invest Growth, described the agreement as more than a financial commitment.
He said that joining Sodalmu’s capital feels like supporting a homegrown success story driven by motivated teams and long-term ambition, and that the partnership is expected to help the company continue building sustainable growth over the coming years.
CDG Invest Growth operates as an investment fund manager regulated by the Moroccan Capital Markets Authority and functions as a subsidiary of CDG Invest.
Its strategy focuses on equity investments in medium and large companies that show strong potential for expansion, with Morocco remaining at the heart of its portfolio.
For this operation, CDG Invest Growth worked with DLA Piper for legal advice, Accuracy for financial support, SFM Conseil for tax matters and IBIS Consulting for ESG issues, while Sodalmu relied on Dentons for legal counsel.
