SPE Capital, an African and Middle Eastern private equity fund, has exited Morocco’s in its maiden liquidity event, just two years after investing in the logistics company. The PE firm sold its investment in H&S Invest Holding, Dislog’s holding company, to the Belkhayat family and its management in a buyback deal. The financial details of the deal were not disclosed.
In June of this year, SPE Capital invested USD 26 Mn for a stake in H&S. This came after H&S bought back a stake in the group’s operating subsidiary Dislog from another private equity firm, Amethis which had invested in 2014. This was SPE Capital’s third deal from its maiden fund.
SPE Capital’s first exit came just over a month after it raised its initial fund by acquiring Ademat from another private equity firm, Adenia.