Sale of the remaining shares in S2M (Morocco)
18.02.2016
Funds managed by AfricInvest (MPEF I and II as well as AF I) sold their remaining shares in S2M, representing 32% of the capital. Medtech, a Moroccan leader in IT solutions, bought the entire stake. Established in 1983, S2M is one of Morocco’s leading players in electronic payment solutions. Since the investment, AfricInvest actively contributed to the implementation of S2M’s development strategy, the strengthening of its corporate governance and the acceleration of its international expansion now covering more than 30 countries. This exit generated strong returns to the three funds and will allow the liquidation of MPEF I.