Forafric has been acquired by YCAP
Forafric, a leading wheat flour and semolina group based in Casablanca, has been acquired by YCAP.
Created in 1943, Forafric is the leading wheat flour and semolina group in Morocco. The group imports over 300,000 tons of soft and durum wheat which are transformed into flour and semolina thanks to four industrial mills located across the country. Forafric has been successful in marketing and promoting very strong brands such as Maymouna and Ambre and enjoys circa 50% market share in supermarkets.
YCAP is an international financial group operating in the energy, infrastructure and agro-industrial sectors. Yariv ElBaz, CEO at YCAP, said: “We have the ambition to make Forafric an African champion thanks to the establishment of new units in sub-Saharan Africa which will create value and employment.”
Oaklins’ team in Morocco advised the seller in this transaction.


Talk to the deal team
Related deals
Pesquera Exalmar has acquired Pesquera Centinela
Pesquera Exalmar has acquired Pesquera Centinela from Grupo Romero.
Learn moreChequers Capital has acquired Gourmet Italian Food to strengthen presence in the ready meals sector
Chequers Partenaires S.A., acting as the management company of the private equity fund Chequers Capital XVIII SLP, together with management, has completed the acquisition of 100% of the share capital of Gourmet Italian Food S.p.A. (GIF). The company was previously owned by Alcedo SGR S.p.A. through the Alcedo IV Fund, FVS SGR S.p.A. through the Sviluppo PMI Fund, and minority shareholders.
Learn moreCheef has completed a minority LBO with Indigo Capital
Indigo Capital has successfully completed a minority leveraged buyout (LBO) of Cheef, acquiring a minority stake alongside the existing family shareholders.
Learn more