Azimut Enters Moroccan Asset Management Market via Red Med Capital Stakes
Deal News | Mar 25, 2025 | Zawya
Italian asset manager Azimut has made a strategic move into the Moroccan asset management market by acquiring minority stakes in two units of the local investment bank Red Med Capital. Azimut purchased a 29% stake in Red Med Asset Management and a 25% stake in Red Med Securities. The Moroccan asset management industry had assets worth over €61 billion as of December 2024. Red Med Asset Management managed around 18 billion Moroccan dirhams in assets, while Red Med Securities had a 4.4% market share by 2024. While the financial terms of the transactions were not disclosed, this expansion marks a significant strategic entry for Azimut into the North African market.
Sectors
- Asset Management
- Investment Banking
Geography
- Morocco – Azimut has acquired stakes in Moroccan companies, indicating a focus on the Moroccan financial market.
- Italy – Azimut is an Italian company, which highlights Italy as the origin of the participating firm.
Industry
- Asset Management – Azimut is an asset management company, and their acquisition involves stakes in Red Med Asset Management, aligning directly with this industry.
- Investment Banking – Red Med Capital operates in the investment banking sector, providing services including capital market transactions and securities trading.
Financials
- 29% – The stake acquired by Azimut in Red Med Asset Management.
- 25% – The stake acquired by Azimut in Red Med Securities.
- 18 billion Moroccan dirham ($1.88 billion) – Assets under management by Red Med Asset Management at the end of 2024.
- 4.4% – Market share of Red Med Securities in Morocco in 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Azimut | Bidding Company | Company | An Italian asset management company acquiring stakes in Moroccan entities. |
| Red Med Capital | Target Company | Company | A Moroccan investment bank with divisions in asset management and securities. |
| Philippe Leroy Beaulieu | Reporter | Person | The author of the article. |
| Gianluca Semeraro | Editor | Person | Editor involved in the publication of the article. |
| Louise Heavens | Editor | Person | Editor involved in the publication of the article. |