SoPharma has acquired a majority stake in CESMA, a Moroccan distributor of medical devices and healthcare solutions founded in 1987 by Azeddine El Khenati. The transaction is structured as a partnership between SoPharma and Mr El Khenati. The size of the stake and the consideration were not disclosed.
Advisers: Asafo & Co. advised CESMA, with a team led by partner Patrick Larrivé, including senior associate Maxence Létisse and associates Inasse Radouane and Baptiste Persouyre. Ascent Capital Partners (IMAP Morocco) was financial adviser to CESMA. Counsel to SoPharma was not named.
Source: Asafo & Co., 22 October 2026. Added to The Meridian register on 27 October 2026.
