The Moroccan Capital Market Authority (MCMA) has approved the IPO of Akdital Holding on the Casablanca Stock Exchange. The private clinic group aims to raise USD 112mn (MAD 1.2bn) to fund its expansion plans in terms of geography and the medical services it provides. The offering will be done via a capital increase and share sale.
The group is a portfolio company of Mediterrania Capital Partners, which made its investment in 2019 through its MCIII fund. You can read that article here.
About Akdital Holding
The group is comprised of fifteen multidisciplinary and specialised health establishments. It provides a variety of healthcare services such as cardiology, cardiac surgery, neurosurgery, oncology, radiotherapy, intensive care and neonatal care.
Asafo & Co. advised the company and BMCE Capital Conseil acted as co-financial counsel.