Mediterrania Capital Partners, a private equity firm dedicated to the growth of SMEs in North Africa and Sub-Saharan Africa, has announced the final closing of its third fund, Mediterrania Capital III (MC III) at 286 million euros.
MC III is an eight-year fund that targets small and medium-sized businesses in North Africa, notably Algeria, Egypt, Morocco and Tunisia, as well as in the countries of Central and West Africa, notably Senegal, Ivory Coast and Cameroon.
“We are extremely grateful for the continued support of our LPs. As the COVID-19 pandemic poses an unprecedented threat to people and economies around the world, MC III provides additional financial assistance at a crucial time for African SMEs. Thanks to our local teams located in Casablanca, Algiers, Cairo and Abidjan, we will continue to explore the best investment opportunities and to work closely with our portfolio companies to assist them in implementing the operational and social measures necessary to overcome this difficult period, and to build resilient businesses with solid foundations necessary for growth. long term,’’ Albert Alsina, CEO and founder of Mediterrania Capital Partners, said.
Here Is All You Need To Know
- With a substantial or majority minority investment strategy, the fund invests in companies that are well established in their local markets and likely to develop their activities at the regional level, on the African continent.
- To date, 60% of the fund has already been invested in five companies:
- TGCC – Leader in construction (BTP) in Morocco and also present in Senegal and Ivory Coast.
- Cofina – First institution of meso-finance in Central and West Africa present in Ivory Coast, Senegal, Guinea Conakry, Gabon, Mali, Congo Brazzaville and Burkina Faso through a network of 90 agencies
- Cairo Scan – First private player in medical imaging and diagnostic services in Egypt.
- Aziza – Leader in food distribution in Tunisia with more than 280 stores across the country covering 83,000 m² of sales area.
- Akdital Holding – The largest network of private clinics in Morocco with five clinics in Greater Casablanca and a capacity of 550 beds
- In 2019, Mediterrania Capital Partners obtained the AIFM (Alternative Investment Fund Manager) license under Directive 2011/61 / EU of the MFSA (Malta Financial Services Authority). This license ensures that fund managers comply with a strict regulatory framework and rigorous oversight, including governance processes.
Saâd Bendidi, Chairman and Partner of Mediterrania Capital, added:
“Thanks to the granting of the AIFM license, we have been able to welcome new investors in Mediterrania Capital III and exceed our fundraising objective. “
- Founded in Malta in 2013, Mediterrania Capital Partners has always advocated the need for clear and solid governance for its funds and all the companies in the portfolio.
- Since its inception, Mediterrania Capital Partners has operated under strict governance processes which provide a foundation for long-term growth, financial transparency and good governance practices for all companies linked to Mediterrania Capital.
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About Mediterrania Capital Partners
Mediterrania Capital Partners is a private equity firm dedicated to small and medium-sized enterprises (SMEs) in Africa. With offices in Abidjan, Algiers, Barcelona, Cairo, Casablanca and Valletta, Mediterrania Capital Partners takes a practical and proactive approach in implementing the growth strategy of the portfolio companies, both in steering the creation process than in ESG processes.
Mediterrania Capital Partners invests in African SMEs with an annual turnover of 20 to 300 million euros and having expansion strategies in North and Sub-Saharan Africa.
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Mediterrania Capital Partners’ portfolio companies generate more than 1.5 billion euros in annual revenue and employ more than 20,000 people in Africa.
Mediterrania Capital Partners is an investment company (management company) regulated and authorized by the Malta Financial Services Authority (MFSA), the Mauritius Financial Services Commission (FSC) and the National Securities Market Commission.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer