Vantage Invests USD8.9 Million in Equity Invest, Providing an Exit for PME Croissance
Posted On: 31 Oct 2019 | Source(s): Vantage Capital
Morocco-based holding company Equity Invest has raised EUR8 million (approximately USD8.9 million) in mezzanine financing from Africa-focused private credit fund manager Vantage Capital. Equity Invest owns six Morocco-based companies operating in safety and security systems, audio and visual multimedia systems, photovoltaic business solutions, payments, and virtual health information systems. Proceeds from this round will enable Equity Invest’s founder to secure a controlling stake from AfricInvest-managed fund PME Croissance.