Zalar Holding issues $24 million of common shares to IFC
- Date: November 2013
- Exclusive financial advisor: Ascent Capital Partners
- Legal Advisor: UGCC
Transaction highlights
- In November 2013, International Finance Corporation (IFC) announced an equity injection of $24 million in Zalar Holding, Morocco’s leading poultry player, resulting in a 17.9% ownership in the company.
- The purpose of the transaction was to support Zalar’s MAD 350 million investment program over the next three years, aimed at ramping up its production of animal feed, increasing its supply of chickens and turkeys, and building poultry and cattle farms across the country.
Group overview
Zalar Holding is a leading integrated player in the Moroccan poultry industry, present across the entire poultry value chain
The group is organized across five key business segments: import of agricultural raw materials, animal feed, hatchery, breeding, poultry slaughtering, and production of finished poultry meat products.
Founded in 1974 by Mohammed Chaouni and subsequently developed by Fouad Chaouni, the Group recently launched an ambitious expansion strategy, including through selective mergers and acquisitions, which enabled it to broaden its product offerings and become the largest integrated poultry producer in Morocco.
Zalar Holding employs more than 1,700 people across 15 operating subsidiaries.
