DLA Piper advises AfricInvest in its majority acquisition of the ISGA Group in Morocco

DLA Piper advised AfricInvest, the leading pan-African private equity fund in the context of its acquisition of an 80% stake, alongside Tawhid Chtioui, entrepreneur in the field of higher education, of the capital of the ISGA Group, founder of the one of the oldest private higher schools in Morocco. The partnership takes the form of a significant investment commitment over the next five years to develop the growth of the ISGA Group.

With this investment, AfricInvest, Tawhid Chtioui and the Diouri family – the original shareholder and founder - are joining forces to bring new capacities to the ISGA Group (acceleration of investments, strengthening of teams, expansion of the network of international partners) allowing it to position itself as one of the leading players in the higher education sector in Morocco and the African continent.

Advisor to AfricInvest: DLA Piper in Casablanca, with Franck Coudert, Partner, and Ghita Moussaid, Senior Associate.

Advisor to Tawhid Chtioui: Scotto Partners, with Claire Revol, Loïc Pipaud and Robin Lamour.

Advisor to Groupe ISGA: Abdelaziz Amraoui and Ali Filali.

Financial advisor: Baker Tilly Burj Finance, with Salma Benaddou, Brahim Skalli and Ilias Laksabi.