DLA Piper advises Amethis on its acquisition of Magriser in Morocco

DLA Piper advised investment fund manager Amethis on its acquisition of a majority stake in the Magriser Group, a company specializing in the distribution and installation of complete micro-irrigation and solar pumping systems, based in Mohammedia, Morocco.

The acquisition of a stake in Magriser is the first operation of the Amethis Mena Fund 2, a vehicle for SMEs in the region. The transaction will accelerate Magriser's growth, notably with the launch of a production unit for micro-irrigation pipes and its deployment on the African continent.

Amethis

Legal: DLA Piper in Casablanca, with Christophe Bachelet, Country Managing Partner

Financial and tax : PwC and Strategy&

Magriser

Legal: Dentons Sayarh & Menjra in Casablanca, with Omar Sayarh, Managing Partner, and Mehdi Megzari, Partner

Financial: Cross Partners, with Salma Mekouar, Founder