Adenia and Proparco to sell OCS operations in Morocco and Senegal

Adenia Partners and Proparco have agreed to divest the Moroccan and Senegalese operations of the OCS Group to a consortium led by Retail Holding alongside pan‑African investor Amethis. The step marks a shift to majority local ownership while positioning OCS for its next expansion phase in North Africa.

The assets being transferred comprise the Group’s catering and facility‑management activities, trading under brands such as Ansamble, Proxirest, Artis Facilities (Morocco) and Alizés (Senegal). Since the investment round in 2021, OCS has grown rapidly: annual revenues passed the threshold of one billion dirhams and the workforce now exceeds 6,000 employees, with over 500 net new jobs created during the sellers’ stewardship.

Under Adenia and Proparco’s ownership, management and governance were rebuilt and operational capabilities strengthened. OCS completed the acquisition of Artis in 2023 to broaden its facility‑management footprint, introduced robust training programmes, and embedded ESG and quality certifications across its operations. The company is now structured around core markets in Morocco and Senegal and serves more than 300 institutional and private clients.

Speaking on the transaction, Stéphane Bacquaert, Managing Partner at Adenia Partners, highlighted the firm’s active ownership approach and the handover of a more resilient and scalable business to a locally anchored group. Nicolas Belleteste, CEO of the OCS Group, thanked the outgoing investors and said the deal sets the stage for further growth together with Retail Holding and Amethis.

The buyer consortium says it will leverage Retail Holding’s commercial platforms and Amethis’s regional network to drive cross‑selling, operational synergies and incremental contract wins. Riad Laissaoui, CEO of Retail Holding, described the acquisition as a strategic fit consistent with the group’s external growth strategy, while Wilfried Poyet, Senior Partner at Amethis, framed the move as a continuation of Amethis’s long‑term Morocco investment programme.

Industry context strengthens the rationale for the deal. Outsourcing of catering and facility services is rising across North Africa as corporations and public institutions focus on cost control and compliance. The region’s FM segment is estimated to be expanding at mid‑single digit CAGR, creating room for scaled national providers that combine local market knowledge with institutional governance and service standards.

Completion is subject to customary closing conditions and regulatory sign‑offs. For stakeholders, the transaction signals two concurrent trends: the consolidation of professional FM services in Morocco and Senegal, and a preference among sellers for exits that leave operational control in regional hands while unlocking capital for the next growth cycle.