AfricInvest, leader in pan-African private equity and Tawhid CHTIOUI (photo), entrepreneur in the field of higher education, announce the acquisition of 80% of the capital of the ISGA Group alongside the DIOURI family, historical shareholder and founder.
The new partners officially gave concrete form to their association on November 1, 2021. This transfer operation, under construction for several months with the assistance of the highly reputed investment bank Baker Tilly Burj Finance, takes the form of a contribution commitment significant investment over the next five years, to support the group’s development plan.
The deal thus concluded aims to endow one of the oldest private higher schools in Morocco with a new ambition and an innovative educational project, and to provide it with unprecedented capacities (acceleration of investments, strengthening of teams, expansion of the network international partners) allowing it to position itself as one of the most innovative and impactful players in higher education in the country and on the African continent.
Under the impetus of its founder, Mohammed DIOURI, the ISGA had already initiated a profound transformation of its model since 2016: recognition by the State of its diplomas on the campuses of Rabat, Marrakech and Fez, opening of a new campus in Casablanca, development of e-learning… This dynamic now enables the group, which is celebrating its 40th anniversary this year, to lead communities of 1,200 students per year and 15,500 graduates.
At the end of this operation, the group is reorganized into a public limited company, with a board of directors composed of:
– Tawhid CHTIOUI who will take over the chairmanship of the Board of Directors and general management of the group,
– Mohammed DIOURI, Founder of ISGA,
– Brahim EL JAI, Partner at AfricInvest and CEO of AfricInvest Morocco,
– Farid BENLAFDIL, Investment Director at AfricInvest.
“After 40 years of chairmanship of the ISGA Group and following the developments in the private higher education sector in Morocco, it was quite normal that I was looking for other partners who could bring new ideas to the school. vision and big plans. All that I have been able to achieve, I have done thanks to the competent and very motivated teams, whom I would like to thank very much. I wish the best of luck and success to Mr. Tawhid CHTIOUI, the new Chairman of the Group, and I will, of course, remain at his disposal whenever he deems it appropriate. », Declares Mohammed DIOURI.
“We are very excited to participate in this ambitious project and to seize this unique opportunity to combine our expertise and our pan-African network with Dr. Tawhid CHTIOUI, the ISGA teams and his graduates. It is a source of pride to support the development of the school’s educational model by giving it the necessary means to seize new opportunities. », Adds Brahim EL JAI.
“I am very happy to have part of my professional activities, again in Morocco and to work for the development of one of the oldest players in Moroccan higher education. I will put all my experience at the service of the teams, students and graduates of this group. I am very proud to be associated with AfricInvest, an actor with whom I share the vision and values of an educational model centered on people and society. I am also very honored to take the chairmanship and general management of the group. My deep thanks to Mohammed DIOURI for his collaboration and for the tremendous work accomplished during these 40 years. I will continue to use his experience to achieve our common goals. “, Says Dr. Tawhid CHTIOUI, President and CEO of ISGA.