Asafo & Co. advised Groupe RG, a European leader in Personal Protective Equipment (PPE) distribution, on its acquisition of a majority stake in Groupe Novindus, a Moroccan distribution platform specializing in industrial supplies and maintenance services and operating through its subsidiaries—Novindus, Helios Dica, Restel, and Helios Dexis—in Tangier and Casablanca.
This acquisition marks a key step in Groupe RG’s international expansion, creating a strategic link between Europe, the Maghreb, and West Africa. Following its recent acquisition of Groupe Vandeputte, which pushed its revenue beyond €500 million, Groupe RG strengthens its foothold in the region with this new Moroccan presence. The transaction, approved by the Moroccan Competition Council, ensures the continuity of Novindus under the leadership of its current founders, who will retain a stake in the company.
The Asafo & Co. team advising Groupe RG was led by partner Mouna Boubia who was assisted by senior associate Thami El Idrissi.