Press release from the Competition Council regarding the economic concentration project concerning the acquisition by the fund “Capmezzanine V FPCC-RFA” of joint control of the company “ATA Value Capital SA”, alongside the historical shareholders

In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the “operation summary” below, containing the information provided by the parties.

This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.

The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law No. 104-12 on freedom of prices and competition, as amended and supplemented.

Names of companies and groups involved:

• The acquirer: the company “CDG Invest Growth SA” through the fund under management “Capmezzanine V FPCC-RFA”;
• The target: the company “ATA Value Capital SA”.

Nature of the operation

• Takeover

Economic sectors concerned

• Restaurant sector.

Deadline for interested third parties to submit their observations

• 10 days from the date of publication of this press release, i.e., June 15, 2026.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council has received notification of an economic concentration operation consisting of the acquisition by the company “CDG Invest Growth SA” through the fund under management “Capmezzanine V FPCC-RFA” of joint control of the company “ATA Value Capital SA”, alongside the historical shareholders, through a minority shareholding.

“Capmezzanine V FPCC-RFA” is a Moroccan collective investment scheme in equity (CISE), structured as a collective investment scheme in equity (CISE), with its registered office in Casablanca. It is duly represented by its management company “CDG Invest Growth SA”, a Moroccan joint stock company, with its registered office in Casablanca.

“ATA Value Capital SA” is a Moroccan joint stock company, with its registered office in Casablanca. It is a holding company mainly operating in the commercial restaurant sector.

 

Done in Rabat on June 4, 2026.