Exit from Grupo San Jose & Lopez (SJL)

11.04.2017

AfricInvest and Mediterrania Capital Partners sold 100% of Grupo San Jose & Lopez (SJL) to Investec Asset Management. SJL is a logistics and international road freight transport company with operations in the Maghreb and Europe. Under the ownership of AfricInvest and Mediterranea, SJL—which is headquartered in Tangier (Morocco) and Oiartzun (Spain)—became one of the major road freight transporters between Europe and North Africa, and will soon provide transport to Western Africa. SJL also offers logistics, storage, and national transport services. During the holding period, SJL´s annual revenues increased by 38% through December 2016, while EBITDA tripled over the same period. The company also strengthened its presence in the Maghreb region through the development of its domestic and international road freight transport and logistics services in Morocco and expansion into new markets with the launch of SJL Tunisia.

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