CDG Invest Growth launches fifth fund with investment in leading Moroccan seafood business

DLA Piper has advised CDG Invest Growth, a leading private equity fund, on an agreement to acquire a minority stake in Groupe Assiette Nordique, a renowned Moroccan player in the processing and distribution of seafood products. The transaction is subject to approval by Morocco's Competition Authority, the Conseil de la Concurrence.

This transaction marks the first investment by CDG Invest Growth’s fifth fund, Capmezzanine V (FPCC-RFA). The acquisition is expected to support Groupe Assiette Nordique’s expansion and innovation initiatives while strengthening its competitive position in the domestic market. The investment is also expected to develop opportunities for improved access to seafood in Morocco.

A team from DLA Piper's Casablanca office worked on the transaction led by Corporate partner Benoit de Monval and associate Thomas Helman.

With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 15 consecutive years and two years in Africa and the Middle East, according to Mergermarket, and ranked as a top five most active VC legal advisor in the US and number one in VC, PE and M&A in combined global deal volume according to PitchBook.