Press release from the Competition Council regarding the economic concentration project concerning the joint takeover by the funds ‘Mediterranea Capital Partners’ and ‘Capmezzanine III’ of the company ‘Dislog Medical Devices’, alongside ‘Dislog Group SA’

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 adopted 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 was 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 adopted for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.

Names of the companies and groups concerned:

• The acquirers:

1. The entities of the fund ‘Mediterrania Capital Partners’ composed of:

• ‘MC IV Packaging SA’;
• ‘Mediterrania Capital IV Morocco FPCC-RFA-Compartment 1 Morocco’;
• ‘Mediterrania Capital IV Morocco FPCC-RFA-Compartment 2 Morocco’;

2. The fund ‘Capmezzanine III’.

• The target: ‘Dislog Medical Devices SA’.

Nature of the operation:

• Joint takeover.

Economic sectors concerned:

• Market for the supply of medical devices.

Deadline for interested third parties to submit their observations:

• 10 days from the date of publication of this press release, i.e. June 23

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council received notification of an economic concentration project concerning the joint takeover by the company ‘MC IV Packaging SA’, the funds ‘Mediterrania Capital IV Morocco FPCC-RFA-Compartment 1 Morocco’, ‘Mediterrania Capital IV Morocco FPCC-RFA-Compartment 2 Morocco’ (together ‘MCP Entities’) and the fund ‘Capmezzanine III’ of the company ‘Dislog Medical Devices SA’, alongside the company ‘Dislog Group’.

‘MC IV Packaging SA’ is a Luxembourg public limited company, with its registered office at 12C rue Guillaume J. Kroll, 1882 Luxembourg, registered with the Luxembourg Trade and Companies Register under number B283550;

‘Mediterrania Capital IV Morocco FPCC-RFA Compartment 1 Morocco’ is a Moroccan collective investment fund in capital, with approval number AG/FPCC/003/2024;

‘Mediterrania Capital IV Morocco FPCC-RFA Compartment 2 Morocco’ is a Moroccan collective investment fund in capital, with approval number AG/FPCC/004/2024.

The purpose of the ‘MCP Entities’ is to invest in SMEs and medium-sized companies that are active in Morocco in various sectors of activity.

‘Capmezzanine III’ is a Moroccan collective investment fund in capital with approval number AG/FPCC/001/2024 managed by CDG Invest Growth, a subsidiary 99.99% owned by CDG Invest, itself 100% owned by the CDG group. ‘Capmezzanine III’ is a generalist fund aimed at supporting the development of Small and Medium Enterprises with high growth potential in Morocco and sub-Saharan Africa.

‘Dislog Medical Devices’ is a Moroccan public limited company, with its registered office at Zone Industrielle Ouled Saleh, Bouskoura – Casablanca, registered with the Casablanca Trade Register under number 670155. It is a subsidiary currently 100% owned by the company ‘Dislog Group SA’, a Moroccan public limited company. An internal restructuring operation is underway within the Dislog group to consolidate all subsidiaries of the group active in the medical devices sector under the auspices of the company ‘Dislog Medical Devices SA’.

 

Done in Rabat, June 12, 2025