Emerging Capital Partners (ECP) has revealed that the Moroccan Infrastructure Fund (MIF), which it co-manages with Attijari Invest, has exited its position in Osead Maroc Mining (OMM)
The total exit accounted for 8.4x MIF’s initial funded investment and made an internal rate of return of 94 per cent.
“We are pleased to announce that our investment has generated excellent returns to our investors. We want to thank the management team at OMM with whom we have worked closely to create long-term value,” said Karim Fath, managing director of Attijari Invest.
Nayel Vidal, director of ECP stated, “Our partnership with OSEAD is a clear example of how we work with high potential, local companies such as OMM to help them achieve their next growth phase.”
OMM is the controlling investor of Moroccan producer and exporter, Compagnie Minière de Touissit (CMT), with a core focus in exploration, extraction and processing of lead-silver ore and zinc-silver ore.
Emerging Capital Partners (ECP) has generated more than US$2bn for investment across Africa, including the Francophone regions.
