Morocco: Vantage Capital investment helps AfricInvest exit Promamec

Vantage Capital, Africa’s largest mezzanine fund manager, has acquired a significant minority stake in Promamec, a Moroccan medical distribution business, with an equity investment of €30m (US$33m). Funds invested facilitated the exit of the private equity fund AfricInvest and will also serve to part-fund Promamec’s next phase of development. Promamec is one of the leading…