{"id":1575,"date":"2019-06-13T00:00:40","date_gmt":"2019-06-12T22:00:40","guid":{"rendered":"https:\/\/mnf.ma\/?p=1575"},"modified":"2019-06-13T13:54:54","modified_gmt":"2019-06-13T13:54:54","slug":"maroc-numeric-fund-announces-its-exit-from-ma-navette","status":"publish","type":"post","link":"https:\/\/mnf.ma\/en\/maroc-numeric-fund-announces-its-exit-from-ma-navette\/","title":{"rendered":"MNF Ventures announces its exit from Ma-Navette"},"content":{"rendered":"

Ma-Navette continues its growth by announcing the exit of MNF Ventures from its capital and the entry of Glen Invest as a new investor. The operation was managed by the investment bank Burj Finance.<\/strong><\/p>\n

Ma-navette, a leading player in passenger mobility for companies and individuals, started its ride-hailing services with individuals and then diversified into the B2B transport market with the acquisition of a first-rate corporate clientele. The company, created in 2010 by Mr. Samir Bennani, has a fleet of more than 130 vehicles and has distinguished itself from the competition by combining conventional transport with major technological innovations that offer its users a unique customer experience on the market. In partnership with international players – car manufacturers and technology developers – the company is actively involved in the search for mobility solutions.<\/p>\n

Aware of the opportunities offered by the market and its added value for its various customers, the company is pursuing its development by welcoming Glen Invest as a new investor.<\/p>\n

Glen Invest, is partnering with this Moroccan success story to support the company’s management in its desire to consolidate its position on the Moroccan market and to consider a medium-term expansion in the MENA region.<\/p>\n

This investment will be achieved through a capital increase and the acquisition of the shares of MNF Ventures (MNF), investment fund, and will strengthen the majority shareholder, Mr Samir Bennani, in his vision for the company.<\/p>\n

Since MNF Ventures acquired a stake in the company in 2015, Ma-Navette has been able to increase its turnover tenfold, thus becoming a key player in the sector. The fund’s objective of transforming Ma-Navette from a nascent startup into a solid and growing company has been fully achieved.<\/p>\n

Through this acquisition, Glen Invest confirms its willingness to participate in the development and growth of promising SMEs and start-ups in Morocco, particularly through investment in disruptive companies such as Ma-Navette.<\/p>\n

The operation was led by Burj Finance, an independent investment bank created in 2011 and operating in the Corporate Finance business lines.<\/p>\n

About Glen Invest<\/u><\/strong><\/p>\n

Glen Invest is an investment company specialized in medium and long-term equity investments in promising and innovative companies, in which it plays an active role as a first-class shareholder.<\/p>\n

Glen Invest aims to contribute to the emergence of Moroccan success stories, by encouraging value creation through the long-term development of its assets by placing innovation as the cornerstone of their development. It implements long-term development strategies by actively encouraging companies to make investments that generate growth and profitability in order to consolidate and expand their positions.<\/p>\n

In addition to funding, Glen Invest provides companies with the experience and know-how accumulated by its managers in different sectors of activity.<\/p>\n

About MNF Ventures<\/u><\/strong><\/p>\n

MNF Ventures is a public-private investment fund, created in 2010, dedicated to investments in Moroccan technology start-ups. It includes in its round table the Moroccan Government (through MITC, the management company of the Technoparks), Attijariwafa Bank, the Banque Centrale Populaire, BMCE Bank and CDG D\u00e9veloppement.<\/p>\n

Since 2018, a new fund “MNF Ventures II” has taken over the first fund, which has been fully invested, pursuing the same investment strategy in innovative Moroccan technology start-ups.<\/p>\n

For more information, visit www.mnf.tudioweb.com<\/a><\/p>\n

The participants in the operation were\u00a0:<\/u><\/strong><\/p>\n

Investment bank : Burj Finance<\/p>\n

Legal advisors : LLSCA Counsel – represented by Ms. Ahlam Lamrabet \/ Hilmi Law Firm – represented by Mr. Rachid Hilmi<\/p>\n

Financial Due Diligence: Boughalleb Partner<\/p>\n","protected":false},"excerpt":{"rendered":"

Ma-Navette continues its growth by announcing the exit of MNF Ventures from its capital and the entry of Glen Invest as a new investor. The operation was managed by the investment bank Burj Finance. Ma-navette, a leading player in passenger mobility for companies and individuals, started its ride-hailing services with individuals and then diversified into […]<\/p>\n","protected":false},"author":1,"featured_media":1118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[91,374],"tags":[],"class_list":["post-1575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mnf-en","category-mnf"],"_links":{"self":[{"href":"https:\/\/mnf.ma\/en\/wp-json\/wp\/v2\/posts\/1575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mnf.ma\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mnf.ma\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mnf.ma\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mnf.ma\/en\/wp-json\/wp\/v2\/comments?post=1575"}],"version-history":[{"count":0,"href":"https:\/\/mnf.ma\/en\/wp-json\/wp\/v2\/posts\/1575\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mnf.ma\/en\/wp-json\/wp\/v2\/media\/1118"}],"wp:attachment":[{"href":"https:\/\/mnf.ma\/en\/wp-json\/wp\/v2\/media?parent=1575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mnf.ma\/en\/wp-json\/wp\/v2\/categories?post=1575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mnf.ma\/en\/wp-json\/wp\/v2\/tags?post=1575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}