TAQA Morocco has raised US$50 million of equity in a pre-IPO private placement
TAQA Morocco has raised US$50 million of equity in a pre-IPO private placement to accelerate its development and optimize its financing costs.
TAQA Morocco, a subsidiary of the TAQA Group, is the first private producer of electricity in Morocco. Through its thermal power station in Jorf Lasfar, it is the main supplier to ONEE (National Office for Electricity and Water). Created in 1997, TAQA Morocco is a major player in the energy sector, covering more than 50% of the electricity national demand and 30% of the installed capacity. With 480 employees and six production units, TAQA Morocco is the largest independent coal-fired thermal power plant in the MENA region.
Oaklins’ team in Morocco was the exclusive advisor in this transaction.
Talk to the deal team
Related deals
iwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets
iwell, a developer of smart energy management (EMS) and battery storage systems (BESS), has successfully closed a US$31 million (€27 million) funding round. The round was led by Meridiam, with Invest-NL and Rabobank participating, alongside existing investors.
Learn moreBezeq Online has been acquired by One Software Technologies
Bezeq Online has been acquired by ONE Software Technologies Ltd., enabling ONE Technologies to offer innovative solutions through full integration of advanced technology, real-time data analysis and proven service capabilities nationwide. ONE Technologies’ goal is to develop the next generation of service solutions, including AI-based tools, automation, multi-channel digital services and advanced CRM systems, all designed to deliver a continuous, accurate and effective customer experience.
Learn moreLargest AIM IPO in the business support services sector over the past five years has been completed
MHA plc raised US$131 million (£98 million) through a placing and retail offer, achieving a market capitalization of approximately US$363 million (£271 million) on admission. This was the largest AIM IPO in the business support services sector over the past five years. The IPO provides a platform for continued investment in technology, talent and acquisitions, supporting the group’s ambition to become a top 10 UK professional services firm.
Learn more