DLA Piper has provided legal counsel to Planet Sport, a prominent distributor of international sporting goods brands in Morocco, regarding the issuance of new shares through a capital increase. This capital increase was specifically reserved for Maghreb Private Equity Fund IV (‘MPEF IV’) and Maghreb Private Equity Fund IV (‘MPEF’), both of which were advised by ADNA.
Established in 1999, Planet Sport operates a network of more than 20 retail stores throughout Morocco, offering a diverse range of over 5000 product categories across its stores.
The DLA Piper team was led by Christophe Bachelet (pictured left), country managing partner for Morocco who was supported by Léa Attias Hazan, associate in the Corporate practice.
MPEF IV and MPEF were advised by ADNA Morocco’s team led by founding partner Safia Fassi Fihri (pictured right) and supported by Ghita Berrada and Boubacar Diao.
WeAdvise led by Mohamed Benhaddou acted as financial advisor in the transaction.