Deals - Jul 21, 2022

Asafo & Co. advised Disty Technologies on its IPO, the first ever, on the Alternative Market of the Casablanca Stock Exchange.

Disty Technologies, Morocco’s second leading importer and distributor of IT equipment and solutions, founded in 2011 and supported since then by the PME Croissance Fund (Africinvest), has succeeded in listing its shares on the Casablanca Stock Exchange. The IPO, valued at close to 172 million Dirhams ($16.8 million), positions Disty Technology as a pioneer on the Alternative Market of the Casablanca Stock Exchange, dedicated to small and medium-sized enterprises (SMEs).

Casablanca partner Patrick Larrivé advised Disty Technologies and was assisted by associate Cyril Kalfat. Attijari Finances Corp acted as Disty Technologies’ financial advisor.