Key Takeaways
- Sector: Healthcare Healthtech & Medtech.
- Geography: Morocco.
Analysis
Casablanca, Morocco – July 30, 2025. Mediterrania Capital Partners (MCP), a leading private equity firm focused on high‑growth SMEs and mid‑caps across North and Sub‑Saharan Africa, has injected a record-breaking MAD 540 million (approx. USD 54 million) into Dislog Dispositifs Médicaux (DDM) alongside CDG Invest Growth.
This historic capital raise marks the largest in Dislog’s history and cements a strategic leap, positioning DDM as a regional champion in medical device solutions. DDM's integrated offering spans procurement, installation, engineering and maintenance, targeting both public and private health sectors in Morocco and beyond.
Dislog, under the leadership of Moncef Belkhayat, has transformed from an FMCG pioneer into a diversified group across food, hygiene and healthcare. Within that evolution, DDM is taking centre stage, aiming to be a one‑stop‑shop for all therapeutic areas.
Albert Alsina, CEO of MCP, highlights that this partnership reflects a broader vision to support Africa’s health transformation by scaling innovation and access. MCP’s earlier exit from Dislog in April 2025 came after a remarkable tenure during which revenues rose 89 % to over €332 million (approx. USD 362 million) and workforce tripled—anchoring strong progress in sustainability and inclusion.
The Moroccan healthcare sector is poised for expansion thanks to rising GDP, improved medical coverage, and increased infrastructure investments. Strategic investments like this one are key to boosting local manufacturing, distribution networks and innovation.
Similar private equity activity is accelerating across North Africa. For example, Alta Semper invested in Oncologie Diagnostic du Maroc (ODM), a network of oncology and diagnostics clinics in Morocco, with plans to expand into French‑speaking West Africa. The firm later sold its majority stake via IPO in Egypt, highlighting regional growth trends.
Additionally, IFC Asset Management with development finance partners invested around USD 360 million in Humania, a UAE‑based platform developing clinics and hospitals across North Africa. Meanwhile, a Mediterrania‑led consortium acquired MetaMed from Gulf Capital, and Vantage Capital backed Cliniques Internationales du Maroc Group, illustrating growing investor confidence in Moroccan healthcare.
Within the domestic market, Akdital went public in December 2022 on the Casablanca bourse and by early 2025 aimed to expand from 22 to 54 facilities across Morocco and launch operations in the Gulf, reinforcing the trend of regional healthcare consolidation and private equity growth.
MCP expects DDM to follow this expansion path, executing a Buy‑and‑Build strategy across North and West Africa. The objective is to elevate DDM into a scalable medical equipment platform delivering impact‑driven returns while improving healthcare access across the region.