Deal Summary
Globex, a provider of express courier, freight, transit, and storage solutions in Morocco, Senegal and Cameroon under the Fedex brand, has completed the 100% acquisition of Logic Transport, a leading player in the Moroccan transport and logistics sector. The deal is part-financed by Amethis, which owns a 30.5% minority stake in Globex acquired through its Amethis MENA Fund II. Globex was founded in 1998 and is based in Casablanca, Morocco. Globex, controlled by Omar El Kadiri's investment company Goldfin Holding is strengthening its position in freight transport and logistics management as the sole license holder of FedEx Express and FedEx Logistics in the 3 African countries. The Moroccan Competition Authority originally approved the deal in June 2024, and it was completed in October.
Terms:
- Buyer: Globex Investissement SA
- Fund: Amethis MENA Fund II
- Deal Type: Buyout
- Target Company: Logic Transport
- Target Price: Undisclosed
- Target Revenue: 150m MAD ($15m)
Deal Rationale
The transaction comes
