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Africa-focused Adenia makes first Moroccan investment with Overseas Catering Services deal

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Africa-focused private equity firm Adenia Partners has teamed with Proparco to buy corporate catering and services provider Overseas Catering Services.

OCS was launched in 2009 by François Bonnot and René Lancien, founder of leading French caterer Ansamble Group.

The company offers corporate catering services under the brand “Ansamble” to more than 180 clients across Morocco, Côte d’Ivoire, Senegal, Mauritania and UAE.

It has grown to become the second largest catering player in Morocco, employing 3,300 people across the organisation.

OCS also offers cleaning services in Senegal under the Alizés brand, childcare services in Morocco under the A Deux Pas brand, and operates the Brioche Dorée and La Croissanterie franchises in Morocco.

The investment is Adenia’s first in Morocco. Firm managing partner Stéphane Bacquaert said, “We are thrilled to open our Morocco office and establish our presence in the country with the acquisition of OCS.

“It is a fast-growing company with an already strong brand and a loyal base of customers.

“The company has considerable potential for further growth as well as strong impact potential.”

Adenia, which was founded in 2002, has raised $500m over four funds, made 25 platform investments and realised 16 exits.

Earlier this year it sold Ivory Coast-based power security business Ademat to Africa and Middle East-focused private equity house SPE Capital.

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