CDG Capital Private Equity

CDG Capital Private Equity is a private equity/venture capital arm of CDG Capital S.A. specializing in early venture, mid venture, late venture, mature, growth capital, and buyout investments. It provides mezzanine financing. The firm seeks to invest in Morocco and West Africa. The firm typically invests in portfolio companies with equity investment between MAD2 million and MAD60 million. It only seeks minority stakes. The firm was formerly known as Accès Capital Atlantique SA. CDG Capital Private Equity was founded in 2001 and is based in Casablanca, Morocco.

Jabrane El Aimani

Investment Manager


Yves Cusson

Director, Investments Management


Jabrane Elaimani

Investment Manager

Brahim Guessous


Hassan Laaziri



Hicham Maarouf



Laila Mikou

Investment Director

Hicham Mrimi

Investment Manager

14 past transactions


Private Equity Round in 2002
HPS has grown rapidly to become one the leading global cards and payments technology companies, with over 350 clients in 85 countries on 5 continents, providing them with cutting edge payments technology. HPS’ mission from the start has been to provide its clients with innovative technology solutions that transcend the entire payments value chain, enabling them to innovate rapidly and bring new products to market with ease and efficiency using HPS’ PowerCARD software, which is increasingly seen as the future for the payments industry. The PowerCARD suite is fully integrated with all international payment networks, and supports all major back-office payments functions.


Private Equity Round in 2003
Finapack operates as a manufacturer of cardboard packaging.

Buzzichelli Maroc

Private Equity Round in 2013
Buzzichelli Maroc is the Moroccan leader in industrial assembly. The Group has developed several busineses (cement, energy, mining,..) and its activities cover Morocco and Africa through business units and several subsidiaries.

Intelcia Group

Private Equity Round in 2010
Intelcia Group S.A offers call center services. The company is based in Casablanca, Morocco. As of September 5, 2016, Intelcia Group S.A operates as a subsidiary of Altice N.V.

Newrest Group International S.A.S

Private Equity Round in 2007
Newrest Inflight España, S.A provides catering and related hospitality services. It offers airline-catering, buy-on-board, duty-free on board, rail catering, concession retail, contract catering, health care, education, remote site, and support services, such as services on-board high speed trains, hotel services on-board night trains, services to passengers on-board and in station, associated logistics activities and complementary services, and consulting and technical assistance. The company was incorporated in 1982 and is based in Madrid, Spain, with an executive management office in Toulouse, France. Newrest Inflight España, S.A operates as a subsidiary of Newrest Group International S.A.S.


Private Equity Round in 2018
Maymana is a major Moroccan high-end catering company. Founded in 1985 by Mrs. Naima Berrada Benchakroun with the ambition to help empower women in Morocco, Maymana is today a major high-end catering company also operating in the bakery, pastry and fine grocery sectors. Since its creation, the company made sure to preserve both high and constant quality of its products. Maymana operates a chain of six stores located in Morocco and France, has 300 employees and makes c.MAD80m of annual turnover. Still in portfolio

Group Aixor

Private Equity Round in 2006
Group Aixor operates several businesses including printing, media and industrial distribution.


Private Equity Round in 2012
BPMI is a manufacturer of concrete floor and ceiling solutions.

Aeronautique Sefcam

Private Equity Round in 2003
Aeronautique Sefcam is specialized in surface treatment for the European aeronautical industry.


Private Equity Round in 2019
Ste Trarem Afrique SA manufactures and distributes office furniture. It offers chairs, seats, desks, partitions, cabinets, countertops, conference room seats for workspaces. The company was founded in 1957 and is based in Casablanca, Morocco.

Jet Contractors

Private Equity Round in 2009
Jet Contractors is one of the leading players in construction in Morocco. During our holding period, the company has developed several businesses related to building activities. The Group operates several sites in Morocco and Europe and has participated in major projects in Morocco and Africa. The company was successfully listed in 2011 and is expanding its activities on the african continent.

Juice & Nectar Partner

Private Equity Round in 2006
Juice & Nectar Partner operated in the production and distribution of orange juice on the local market.After three years of activity, we shifted the business model to the exportation of organic citrus juices.

Decora Premium

Private Equity Round in 2011
Decora Premium is leading company in kitchen distribution. Initially, Decora was importing, distributing and installing kitchens for corporate clients. Since our investment, the company has built a manufacturing plant that produces kitchens locally. Decora also developed the B2C channel to access the customer directly.

Techniques Science Santé

Private Equity Round in 2016
Techniques Science Santé is a distributor of high tech medical equipment. For 25 years, T2S has been the leader in the distribution and maintenance of radiology (MRIs, scanners) and radiotherapy equipment (accelerators for oncology) and has today the largest installed base in Morocco. It has since broadened its product range and is now the one stop shop service provider for healthcare projects. It is active in Africa since 2008 and has run projects in Mauritania, Ivory Coast and Mali. The company has revenues of c.m40€ and has 140 employees.