Mediterrania Capital Partners said Monday that its second growth fund for North Africa closed at its target of 120 million Euros (US$132.9 mln). Mediterrania Capital II will seek growth opportunities in the Maghreb region – Morocco, Algeria and Tunisia, with potential expansion into Africa Sub-Saharan countries. Fund II will invests in small and mid-market companies with an equity value in the €25 million to €400 million range.
27th July, 2015, Malta / Barcelona. Mediterrania Capital Partners, the regional Private Equity firm focusing in Growth investments for SMEs, announces a final close of Mediterrania Capital II (“MC II”), its second Growth Fund for North Africa, at the planned target of €120 m. This second fund was raised following Mediterrania Capital Partners’ first fund, Fons Mediterrania Capital FCR, which is in divestment process nowadays.
Until today, the two investment vehicles managed or advised by Mediterrania Capital Partners have invested in 12 companies delivering aggregated revenues of €790 m in 2015.
With MC II, Mediterrania Capital Partners continues to seek growth opportunities in the Maghreb region – Morocco, Algeria and Tunisia, with potential expansion into Africa Sub-Saharan countries. Mediterrania Capital Partners invests in small and mid-market companies with an equity value in the €25 m to €400 m range, usually taking a minority stake.
Mr. Albert Alsina, Founder, CEO and Managing Partner of Mediterrania Capital Partners, said: ”With our second fund, we will continue focusing on core sectors, taking advantage of the significant growth expectations of the African economies, the overall low competition levels, the relatively stable markets, and the positive demographics of the region.”
MC II already completed two deals in acquiring 47% of Cash Plus, a Moroccan company active in the financial services sector, in July 2014; and 45% of C.E.C.I., an industrial vehicles manufacturer of trucks and trailers and the still-expanding regional leader in Morocco and Algeria, in November 2014. MC II is in the process of closing three additional investments in Tunisia and Algeria.
Mediterrania Capital Partners (www.mcapitalp.com), is a dedicated private equity firm focusing in African and mainly North African growth investments in SMEs and mid cap companies. The company started its operations in 2008 under “Fons Mediterrania Capital” and since 2013 is an independent General Partner Structure.
With offices in Barcelona, Casablanca, Tunisia, Algiers and Malta, Mediterrania Capital Partners takes an intensely proactive, hands-on approach to implementing its growth strategy by leading the governance of the companies and driving the key internal value creation process. The partners of Mediterrania Capital have extensive experience in managing companies spanning commercial experience, strategy formulation, finance and operations.
Mediterrania Capital Partners was awarded “Best Africa Focused Investment Manager” at the 2015 Wealth & Finance Alternative Investment Awards. The firm was awarded for its innovative approach to investment opportunities in the region of Africa (www.wealthandfinance-intl.com/alternative-investment-awards).
Mediterrania Capital Partners is a regulated financial investment manager, licensed by the Malta Financial Services Authority (MFSA). Mediterrania Capital II is also a MFSA regulated Private Equity Fund. Cuatrecasas is acting as legal adviser. S.O. Capital Advice (www.socapadvice.com) is acting as global placement agent for MC II.
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