NEWS & AWARDS

Press Releases and Media Alerts

Mediterrania Capital III invests in Akdital Holding, the biggest private clinic business in Morocco, to support its expansion plans

27-11-2019. Malta/Casablanca. Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, announces its investment in Akdital Holding, which operates five clinics in Greater Casablanca, with the objective of...

Mediterrania Capital III invests in Akdital Holding, the biggest private clinic business in Morocco, to support its expansion plans

27-11-2019. Malta/Casablanca. Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, announces its investment in Akdital Holding, which operates five clinics in Greater Casablanca, with the objective of supporting its expansion plans.

The completion of MC III’s investment in Akdital Holding is pending regulatory approval.

Founded in 2011 by Dr Rochdi Talib, Akdital began operations with the Jerrada Clinic in Casablanca which holds 100 beds. Later, the group put in place an expansion strategy that led to the opening of four additional clinics in the Casablanca area between July 2018 and October 2019. In that period, Akidtal opened two multidisciplinary clinics in Ain Borja and Ain Sebaa, plus one clinic specialising in oncology and another specialising in cardiology. Akdital also owns a structure that receives patients from Sub-Saharan Africa, Southern Europe and the MENA region. Today the group has a total capacity of 550 beds.

In recent years, the healthcare sector in Morocco has been benefiting from a new legal framework; a growing middle class with increased purchasing power and more concerned about health; an ageing population with longer life expectancy; urbanisation trends that see the population concentrated in five urban areas in Morocco where the purchasing power is the highest; and rising medical tourism that looks for skilled and affordable services and top-quality equipment and infrastructures.

Through this investment, Mediterrania Capital Partners will support Akdital in its expansion plans, which seek to fulfil the increased demand driven by positive demographics and improved economic conditions in Morocco.

This is the fifth investment by MC III, joining TGCC (Morocco), Cairo Scan (Egypt), Groupe Cofina (Côte d’Ivoire) and Aziza (Tunisia).

Hatim Ben Ahmed, Mediterrania Capital Partners’ Partner, said: “We are pleased to partner with Akdital Holding and offer our financial, strategic and operational support to sustain the group’s expansion plans. Akdital is an extremely successful company, very well positioned to fulfil the increasing demand for private medical services in Morocco. We are confident that this partnership will help improve Akdital’s foundations and consolidate its leadership while making top-quality healthcare services more accessible to a larger portion of the Moroccan population.”

Dr Rochdi Talib, Akdital Holding’s Founder and CEO, added: “The team of Mediterrania Capital quickly understood our work dynamics and business objectives and showed a solid knowledge of the healthcare sector and the market trends. Their strategic vision and hands-on, practical approach made them the perfect partner for us. We are very excited to have Mediterrania Capital on board as we continue our expansion in Morocco.”

Financial advisors for this transaction: The healthcare specialist Innova Santé, BMCE Capital Conseil, OMNIPACT and Le Centre d’Etude, de Gestion et d’Organisation.

Legal advisors for this transaction: ASAFO & Co and ALLEN & Overy.

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Albert Alsina’s work towards the development of the Mediterranean countries is recognised with a 2019 ASCAME Award

22-11-2019. Barcelona. Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, announces that its Founder and CEO, Albert Alsina, has received an ASCAME Award recognising his leadership and...

Albert Alsina’s work towards the development of the Mediterranean countries is recognised with a 2019 ASCAME Award

22-11-2019. Barcelona. Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, announces that its Founder and CEO, Albert Alsina, has received an ASCAME Award recognising his leadership and efforts towards the development of the Mediterranean countries.

Each year, the ASCAME Awards salute four institutions for their excellence in encouraging the economic development of the Mediterranean countries.

A 2019 ASCAME Award was handed to Albert Alsina in recognition of “his inspiring leadership at the head of Mediterrania Capital Partners and the valuable contribution of Mediterrania Capital Partners to the development of the Mediterranean private sector”.

The award was presented by Ahmed El Wakil, President of ASCAME, at the XII Mediterranean Week of Economic Leaders held in Barcelona on 21st – 23rd November 2019.

1ASCAME – Association of Mediterranean Chambers of Commerce and Industry.

About ASCAME
The Association of the Mediterranean Chambers of Commerce and Industry (ASCAME) is a non-profit international organization that represents the private sector on both sides of the Mediterranean, regrouping the Chambers of Commerce and Industry and similar entities there.

ASCAME brings together more than 300 Chambers of Commerce and Industry and defends the interests of the millions of businesses across the Mediterranean region. ASCAME is today considered the most important representative of the Mediterranean private sector.

About Mediterrania Capital Partners

Mediterrania Capital Partners is a dedicated Private Equity firm focusing on growth investments in SMEs and mid-cap companies in Africa. With offices in Abidjan, Algiers, Barcelona, Cairo, Casablanca and Valletta, 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.

Consistent with its strategy, Mediterrania Capital Partners continues to search for SMEs with an annual turnover of €20 million to €300 million and expansion strategies into North and Sub-Saharan African markets.

Mediterrania Capital Partners is a regulated financial investment manager licensed by the Malta Financial Services Authority (MFSA) and the Financial Services Commission (FSC) in Mauritius.

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Mediterrania Capital III portfolio companies set to grow exponentially in 2019

21-10-2019. Malta/Barcelona. Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, announces the highly positive performance of the four Mediterrania Capital III (MC III) portfolio companies: TGCC, Cairo...

Mediterrania Capital III portfolio companies set to grow exponentially in 2019

21-10-2019. Malta/Barcelona. Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, announces the highly positive performance of the four Mediterrania Capital III (MC III) portfolio companies: TGCC, Cairo Scan, Groupe Cofina and Aziza.

2019 performance
At the end of September 2019, aggregated YTD sales of MC III’s portfolio companies amounted to €360 million, 69% up on the same period last year, while aggregated EBITDA increased by 39%. Each of the four companies is expected to achieve double- or triple- digit annual Net Income growth until the end of the year.

Albert Alsina, Mediterrania Capital Partners’ CEO and Founder, said: “We couldn’t be more pleased with the current results and financial projections of MC III’s portfolio companies. Our Value Creation model, based on a hands-on approach working closely with management to execute the companies’ business plans, is helping MC III’s portfolio reach their next level of growth. During the first three quarters of 2019, TGCC, Cairo Scan, Groupe Cofina and Aziza have performed well above market trends and are set to deliver outstanding results until the end of the year.”

Saâd Bendidi, Chairman and Partner, added: “On top of value creation, we focus on sustainability issues so, as well as helping our partner companies grow financially, we also look at improving working conditions, female employment rates and governance processes. This ensures we build resilient and responsible companies that will have a lasting impact on the communities and economies in Africa.”

Value creation with sustainable development

TGCC
Countries:
Morocco and Sub-Saharan Africa
Investment Fund: Mediterrania Capital Partners III (MC III)
Founded in 1991, TGCC is the leading general contractor specialising in construction and public works accounting for large projects that span several activity sectors such as Residential, Hospitality, Commercial, Industrial, Administrative and Infrastructure. With more than 8,000 employees, TGCC operates in both Morocco and Sub-Saharan Africa through its subsidiaries in Gabon and Côte d’Ivoire. Mediterrania Capital Partners’ deep business expertise and hands-on approach has been crucial to achieving TGCC’s ambitious expansion plans.

Watch the video: www.youtube.com/watch?v=iK_LmGJCjck&t=46s

Cairo Scan
Country: Egypt
Investment Fund: Mediterrania Capital Partners III (MC III)
Established in 1983, Cairo Scan operates as a specialised, fully integrated diagnostic and interventional imaging and medical laboratory services institution providing high-quality imaging, analytical and related services in Egypt. Through its 18 centres in Cairo and Giza, the group offers first-class medical expertise combined with the most up-to-date equipment and complemented by an exceptional level of service. Cairo Scan employs around 850 doctors and staff on a full- or part-time basis. With the support of Mediterrania Capital Partners, the company is expanding its reach into Egypt and abroad and continues to grow.

Watch the video: www.youtube.com/watch?v=-nDkL8rC5e8&t=66s

Groupe Cofina
Countries: West and Central Africa
Investment Fund: Mediterrania Capital Partners III (MC III)
Founded in 2014, Groupe Cofina is the leading meso-finance institution in West and Central Africa with more than 1,000 employees and 130,000 clients. Cofina operates across six subsidiaries and has positioned itself as the “missing middle”, particularly for entrepreneurs and SMEs who have difficulty in obtaining short and medium-term financing. With the strategic and financial support of Mediterrania Capital Partners, Cofina is improving its product range to continue supporting low-income communities in Africa.

Watch the video: www.youtube.com/watch?v=3akCArfAEIs&t=26s

Aziza
Countries: Tunisia
Investment Fund: Mediterrania Capital Partners III (MC III)
Founded in 2014, Aziza is one of the top four supermarket chains in Tunisia with 250 shops located across the country. Aziza operates over 70,000 sqm of sales area (the third largest in Tunisia) and is the fastest growing leading player in the Tunisian market. The company has achieved impressive development since 2014, delivering major turnover growth, creating the largest store network and generating more than 2,000 jobs. Working with Mediterrania Capital Partners, the company plans to continue its expansion while optimising its operations.

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About Mediterrania Capital Partners
Mediterrania Capital Partners is a dedicated Private Equity firm focusing on growth investments in SMEs and mid-cap companies in Africa. With offices in Abidjan, Algiers, Barcelona, Cairo, Casablanca and Valletta, 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.

Consistent with its strategy, Mediterrania Capital Partners continues to search for SMEs with an annual turnover of €20 million to €300 million and expansion strategies into North and Sub-Saharan African markets.

Mediterrania Capital Partners is a regulated financial investment manager licensed by the Malta Financial Services Authority (MFSA) and the Financial Services Commission (FSC) in Mauritius.

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Mediterrania Capital Partners wins prestigious PE Africa Award 2019

16-10-2019. Malta/London. Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, is pleased to announce that it has won the PE House of the Year Award – Special...

Mediterrania Capital Partners wins prestigious PE Africa Award 2019

16-10-2019. Malta/London. Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, is pleased to announce that it has won the PE House of the Year Award – Special Recognition: North Africa at the Private Equity Africa Awards 2019 (PEA Awards).

This is the third consecutive year that Mediterrania Capital Partners wins the North Africa award after receiving the same recognition in 2017 and 2018. In 2016, Mediterrania Capital Partners was presented with the Portfolio Company of the Year Award for Cash Plus, one of Mediterrania Capital’s portfolio companies.

The 2019 PEA Awards received a strong number of self-entries based on 2018 achievements, which were complemented by editorial recommendations from the Private Equity Africa team and industry data. The final winners were chosen by an independent panel of leading industry professionals which included representation from CDC, FMO, Wimmer Family Office, Mbuyu Capital Partners, Avanz Capital, 27four Investment Managers, IFC and Cebile Capital.

Albert Alsina, Mediterrania Capital Partners’ CEO and Founder, said: “Winning a PE Africa award is quite an achievement. Winning for four consecutive years, with the last three being the “PE House of the Year – North Africa” award, means a huge success. We are proud that our team efforts are being recognised by the industry and extremely pleased for the investors and African entrepreneurs who have trusted our vision and strategy over the years. These awards are a great incentive for us to continue working hard, investing wisely and focusing on the financial performance of our portfolio companies while improving their governance and social processes – doing good for the businesses and people of Africa.”

Gail Mwamba, the Awards Chair and Editor of Private Equity Africa, said: “The Winners of the 2019 Private Equity Africa Awards showcase excellent standards in deal making on the continent. The selection was difficult this year, with close runners up in a number of categories. Congratulations to Mediterrania Capital Partners and we look forward to gathering again next year.”

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About Mediterrania Capital Partners
Mediterrania Capital Partners is a dedicated Private Equity firm focusing on growth investments in SMEs and mid-cap companies in Africa. With offices in Abidjan, Algiers, Barcelona, Cairo, Casablanca and Valletta, 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.

Consistent with its strategy, Mediterrania Capital Partners continues to search for SMEs with an annual turnover of €20 million to €300 million and expansion strategies into North and Sub-Saharan African markets.

Mediterrania Capital Partners is a regulated financial investment manager licensed by the Malta Financial Services Authority (MFSA) and the Financial Services Commission (FSC) in Mauritius.

About Private Equity Africa
Private Equity Africa is a UK-based news source that focuses exclusively on Africa’s private equity industry, providing news, analysis and research. Outputs include an online portal, a newsletter, a quarterly print journal and events.
www.peafricagroup.com

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Mediterrania Capital Partners invests in Aziza and reinforces its presence in Tunisia

24-07-2019. Barcelona/Tunis. Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan Africa, announces the acquisition through its third fund, MC III, of a stake in Aziza, a private...

Mediterrania Capital Partners invests in Aziza and reinforces its presence in Tunisia

24-07-2019. Barcelona/Tunis. Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan Africa, announces the acquisition through its third fund, MC III, of a stake in Aziza, a private Tunisian company operating in the food retail sector. The transaction was achieved in partnership with Ekuity Capital, a Tunisian-Kuwaiti investment company.

Founded in 2014 by the Slama family, Aziza is one of the top 4 supermarket chains in Tunisia with 250 shops located across the country. Aziza operates over 70,000 sqm of sales area (the third largest in Tunisia) and is the fastest growing leading player in the Tunisian market. The company has achieved impressive development since 2014, delivering major turnover growth, creating the largest store network and generating more than 2,000 jobs.

Retail distribution in Tunisia is dominated by small independent traditional retailers. Modern trade penetration is significantly lower than in developed countries and other emerging ones. Aziza is expected to benefit from this transition by taking advantage of its unique Discount concept: the company focuses on capturing the middle-class customer market by offering good-quality products at low prices and next-door convenience in a simple way.

With Mediterrania Capital and Ekuity Capital investments, Aziza plans to continue its expansion, optimise its operations and enhance its performance.

Commenting on the transaction, Mr Daniel Viñas, Partner at Mediterrania Capital, said: “Aziza has developed a unique concept in the Tunisian market, proving its ability to take advantage of the food retail sector development from a traditional system into a modern distribution network. We have been impressed with the quality and capacity of Aziza’s management team and organization. Their focus and determination have allowed the business to achieve impressive growth since its creation. We firmly believe this is one of the best profiles for investment in the Tunisian market and are very excited to share this new venture with the Aziza and Ekuity Capital teams. We all share the same values and views and are fully aligned to achieve the company’s next stage of development, which will have a positive impact on both the Tunisian market and the economy.”

Mr Ghassen Slama, Founder and CEO of Aziza, added: “We are delighted to welcome Mediterrania Capital Partners and Ekuity Capital as investors in Aziza. We value the team’s deep understanding of the retail market and their hands-on approach to implementing the growth strategies of their portfolio companies. We are excited to have them on board to help us reach our expansion plans while continuing to provide high-quality products at low prices across the Aziza network in Tunisia.”

Mediterrania Capital Partners has been present in Tunisia since 2009 with six investments so far across several industry sectors including retail clothing, pasta production and distribution, education, ICT, electrical goods manufacturing and distribution, and now food retail distribution with Aziza.
This transaction marks the fourth investment of Mediterrania Capital’s third fund, MC III, after TGCC (Morocco), Cairo Scan (Egypt) and Groupe Cofina (Côte d’Ivoire).

Legal advisors for this transaction: Meziou Knani & Khlif; Finance Due Diligence: PricewaterhouseCoopers; ESG advisors: IBIS Consulting.

About Mediterrania Capital Partners
Mediterrania Capital Partners is a dedicated Private Equity firm focusing on growth investments in SMEs and mid-cap companies in Africa. With offices in Abidjan, Algiers, Barcelona, Cairo, Casablanca, and Valletta, 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.

Consistent with its strategy, Mediterrania Capital Partners continues to search for SMEs with an equity value of €30 million to €100 million and expansion strategies into North African and Sub-Saharan African markets.

Mediterrania Capital Partners is a regulated financial investment manager licensed by the Malta Financial Services Authority (MFSA) and the Financial Services Commission (FSC) in Mauritius.

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Mediterrania Capital Partners sells significant stake in Cash Plus

02-05-2019. Casablanca/Malta. Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan countries, is pleased to announce the sale of a significant stake in Cash Plus, the largest independent money transfer company...

Mediterrania Capital Partners sells significant stake in Cash Plus

02-05-2019. Casablanca/Malta. Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan countries, is pleased to announce the sale of a significant stake in Cash Plus, the largest independent money transfer company in Morocco, to Groupe Richbond, a Moroccan industrial and property conglomerate.

Founded in 2004, Cash Plus is Morocco’s leading independent money transfer and low-income financial services provider and operates through more than 1,400 points of sale across the country. The company enables its clients to access a comprehensive portfolio of inclusive financial products through its outlets and transactional mobile application.

In 2014 Mediterrania Capital Partners entered Cash Plus’s equity by acquiring a 49% stake. During Mediterrania Capital’s four-year tenure, Cash Plus annual revenues increased by 300% while EBITDA jumped six-fold in the same period.

Mediterrania Capital supported Cash Plus’s strong expansion plans by helping the company to strengthen its presence in Morocco, which grew from 360 points of sale to more than 1,400 and added new products and services to its portfolio. Under Mediterrania Capital’s partial ownership, Cash Plus also developed its own ERP system and web-based applications for money transfer and payment services and was recently granted a payments licence by the Central Bank of Morocco.

Groupe Richbond will hold 40% in Cash Plus and benefit from the solid foundation that Cash Plus’s management and the Mediterrania Capital Partners team have built up over the past four years.

Hatim Ben Ahmed, Partner at Mediterrania Capital Partners, said: “Four years after our investment, Cash Plus has grown to become a strong company with the right basis for long-term growth. We are very pleased to have contributed to the development of a national champion in the Fintech industry in Morocco. The sale of part of our stake to Groupe Richbond fully supports Cash Plus’s future strategy in terms of product and service development and expansion continuity.”

Nabil Amar, Cash Plus Deputy CEO, said: “Mediterrania Capital has been an extremely valuable partner for the past four years. Thanks to their management expertise and financial support, we have been able to successfully integrate Eurosol (acquired in November 2015) and, improve our Strategy and HR processes. We have also implemented a strong discipline of financial reporting, becoming a results-oriented company.”

Karim Tazi, Groupe Richbond shareholder and Board Member, said: “The acquisition of a stake in Cash Plus supports our business strategy and brings high synergies with our current portfolio. After Mediterrania Capital’s partial ownership, Cash Plus is very well positioned to capture the increasing demand for financial services in Morocco.”

For further information, please contact:
Montserrat Petit
Mediterrania Capital Partners
Head of Marketing and Communications
mpetit@mcapitalp.com
+356 99 14 72 31

About Mediterrania Capital Partners
Mediterrania Capital Partners is a dedicated Private Equity firm focusing on growth investments in SMEs and mid-cap companies in Africa. With offices in Abidjan, Algiers, Barcelona, Cairo, Casablanca, and Valletta, 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.

Consistent with its strategy, Mediterrania Capital Partners continues to search for SMEs with an equity value of €30 million to €100 million and expansion strategies into North African and Sub-Saharan African markets.

Mediterrania Capital Partners is a regulated financial investment manager licensed by the Malta Financial Services Authority (MFSA) and the Financial Services Commission (FSC) in Mauritius.

www.mcapitalp.com

About Cash Plus
Cash Plus is a Moroccan company that aims to make life easier for people by providing easy access to financial and payment services. Headquartered in Casablanca, Cash Plus specialises in national and international money transfers, prepaid credit cards and bill payments.

www.cashplus.ma

About Groupe Richbond
Founded in 1960 by the Tazi family, Groupe Richbond is a major player in the Moroccan economy. With more than 3,000 employees, the group operates 12 industrial suites and manages a distribution network of nearly 2,000 points of sale. Today it focuses on two main divisions:
– An industrial pole geared towards household consumer goods in Morocco and across Africa
– A real estate division including real estate development, hotel layout, logistics, rental property, and more recently, hotels

www.grouperichbond.ma

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Mediterrania Capital Partners wins the Regional Investor Award for the second consecutive year at the prestigious PE Africa Awards 2018

20-06-2018. Barcelona/Malta. Malta, Barcelona. Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan countries, is pleased to announce that it has won the “Special Recognition – PE House of the Year...

Mediterrania Capital Partners wins the Regional Investor Award for the second consecutive year at the prestigious PE Africa Awards 2018

20-06-2018. Barcelona/Malta. Malta, Barcelona. Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan countries, is pleased to announce that it has won the “Special Recognition – PE House of the Year – Regional Investor” at the prestigious Private Equity Africa (PEA) Awards 2018.

This is the second consecutive year that Mediterrania Capital Partners has won the North Africa Regional Investor Award at the annual PEA Awards.

The final winners were chosen by an independent panel of leading industry professionals from Proparco, Morgan Stanley, FMO, Swedfund, Hamilton Lane, Mbuyu Capital Partners, HarbourVest, IFC and Cebile Capital as well as other top industry names.

Albert Alsina, Founder and CEO of Mediterrania Capital Partners said: “In 2017, working closely alongside our partner companies and shareholders, we successfully achieved our objectives in terms of fund raising and closing, and portfolio company deals and financial and ESG performance. We also opened new offices in Cairo and Abidjan to widen our expansion into Sub-Saharan Africa. Ever since we began operations, we have adopted and maintained strong ethical and business policies and specific governance processes that are applied to our partner companies as well as to our own day-to-day business operations. The team of Mediterrania Capital Partners is highly honoured to have again been chosen to receive the Special Recognition as PE House of the Year – Regional Investor.”

Gail Mwamba, the Awards Chair and Editor of Private Equity Africa, said: “Well done to all the Winners of the 2018 Private Equity Africa Awards! The quality of all the entries we saw this year shows that Africa continues to offer immense opportunities for private equity and demonstrates the resilience of the industry. Congratulations to Mediterrania Capital Partners, and we look forward to gathering again next year.”

 

About Mediterrania Capital Partners

Managed by Albert Alsina, CEO and Founder, Mediterrania Capital Partners is a Private Equity firm focusing on growth investments in SMEs and mid-cap companies in Africa. The company started its operations in 2008 under “Fons Mediterrania Capital” and since 2013 is an independent General Partner Structure.

With offices in Abidjan, Algiers, Barcelona, Cairo, Casablanca, 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.

Mediterrania Capital Partners is a regulated financial investment manager licensed by the Malta Financial Services Authority (MFSA) and the Financial Services Commission (FSC) in Mauritius.

 

FOR FURTHER INFORMATION CONTACT:
Mediterrania Capital Partners
Montserrat Petit, Communications Manager
mpetit@mcapitalp.com
+356 9914 7237
www.mcapitalp.com
www.linkedin.com/company/mediterrania-capital-partners

 

About Private Equity Africa

Private Equity Africa is a UK-based news source that focuses exclusively on Africa’s private equity industry, providing news, analysis and research. Outputs include an online portal, a newsletter, a quarterly printed journal and events.

www.privateequityafrica.com

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Mediterrania Capital Partners invests in Groupe COFINA, the leading meso-finance institution in West and Central Africa

29-03-2018. Barcelona/Malta. Mediterrania Capital Partners, the private equity firm focused on growth investments for SMEs in North African and Sub-Saharan Africa, announces the acquisition of a minority stake in Groupe COFINA, the leading meso-finance institution in West and Central Africa,...

Mediterrania Capital Partners invests in Groupe COFINA, the leading meso-finance institution in West and Central Africa

29-03-2018. Barcelona/Malta. Mediterrania Capital Partners, the private equity firm focused on growth investments for SMEs in North African and Sub-Saharan Africa, announces the acquisition of a minority stake in Groupe COFINA, the leading meso-finance institution in West and Central Africa, through its third fund (MC III).

Along with technical assistance, Mediterrania Capital Partners’ funding will enable Groupe COFINA to raise up to 50 million euros in capital and debt over the next three years.

With the support of Mediterrania Capital Partners, COFINA plans to increase its ability to finance its clients and accelerate its regional growth, with four new operations scheduled for launch in West and Central Africa by 2021. In joining the COFINA financing round, Mediterrania Capital Partners guarantees the group’s consolidation as well as increasing the amount of financing available for entrepreneurs.

With more than 1,000 employees and managing 90,000 clients across its six subsidiaries, COFINA has positioned itself as the “missing middle”, particularly for entrepreneurs and SMEs who have difficulty in obtaining medium- or long-term financing (more than 70% of all businesses in Africa, according to the African Development Bank). Many existing financial institutions have neither sufficient knowledge nor suitable systems for evaluating and monitoring the projects of SMEs, and they compensate for this by demanding highly costly guarantees.

Meso-finance assists entrepreneurs or SMEs whose financing needs have outgrown microfinance institutions but whose entrepreneurial structure is still considered insufficiently formal for traditional commercial banks. Only 6.4% of all SMEs in Sub-Saharan Africa say they have had access to financing, compared with 27% in South-East Asia.

Albert Alsina, Founder and CEO of Mediterrania Capital Partners, said: “We are proud to contribute to the success story of Groupe COFINA. This African group has managed to establish itself in a key business sector and lead the market in five African countries. We expect that the new expansion phase will both increase COFINA’s profitability and position itself as a model for all the other players in the sector.”

Jean-Luc Konan, Founder and CEO of Groupe COFINA, said: “Following our initial expansion phase, the signing of this partnership with Mediterrania Capital Partners marks a new stage in COFINA’s growth within its still-promising market. In Africa, lending to the private sector represents less than 20% of GDP, compared with 30% in South Asia and 40% in Latin America. In spite of their immense potential, the markets in which we operate are very poorly served by traditional banks despite their very many entrepreneurs.”

This transaction marks the first investment of Mediterrania Capital Partners in Côte d’Ivoire and the third investment of MC III.

Hatim Ben Ahmed, Partner at Mediterrania Capital, has been in charge of the transaction.

Financial advisors: BDO / Legal advisors: Dentons / Strategic advisors: Helix.

About Mediterrania Capital Partners
Managed by Albert Alsina, CEO and Founder, Mediterrania Capital Partners is a Private Equity firm focusing on growth investments in SMEs and mid-cap companies in Africa. The company started its operations in 2008 under “Fons Mediterrania Capital” and since 2013 is an independent General Partner Structure.

With offices in Abidjan, Algiers, Barcelona, Cairo, Casablanca, 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.

Mediterrania Capital Partners is a regulated financial investment manager licensed by the Malta Financial Services Authority (MFSA) and the Financial Services Commission (FSC) in Mauritius.

 

FOR FURTHER INFORMATION CONTACT:
Mediterrania Capital Partners
Montserrat Petit, Communications Manager
mpetit@mcapitalp.com
+356 9914 7237

www.mcapitalp.com
www.linkedin.com/company/mediterrania-capital-partners

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Mediterrania Capital Partners invests in CAIRO SCAN, the leading private provider of medical imaging services and diagnostics in Egypt

31-01-2018. Barcelona/Malta. Mediterrania Capital Partners, the private equity firm focused on growth investments for SMEs in North African and Sub-Saharan Africa, announces the acquisition of a stake in Cairo Scan Radiology and Labs S.A.E. (“CAIRO SCAN”), the leading private provider...

Mediterrania Capital Partners invests in CAIRO SCAN, the leading private provider of medical imaging services and diagnostics in Egypt

31-01-2018. Barcelona/Malta. Mediterrania Capital Partners, the private equity firm focused on growth investments for SMEs in North African and Sub-Saharan Africa, announces the acquisition of a stake in Cairo Scan Radiology and Labs S.A.E. (“CAIRO SCAN”), the leading private provider of medical imaging services and diagnostics in Egypt, through its third fund (MC III).

Established in 1983 by the Abd El-Wahab and El-Gabaly families, CAIRO SCAN operates as a specialised, fully integrated diagnostic and interventional imaging and medical laboratory services institution providing high-quality imaging, analytical and related services in Egypt. Through its 16 centres in Cairo and Giza, the group offers first-class medical expertise aided by the most up-to-date equipment and complemented by an exceptional level of service. Today CAIRO SCAN and its subsidiaries employ around 750 doctors and employees on a full- or part-time basis.

Mediterrania Capital Partners investment is aimed at supporting the group’s development plans, including the expansion of CAIRO SCAN’s branch network and the construction of a state-of-the-art flagship branch that will provide improved access to a signification portion of the population in Egypt.

Commenting on the transaction, Professor Hatem El-Gabaly, CAIRO SCAN’s Co-founder and Managing Director, added: “The management of CAIRO SCAN welcomes Mediterrania Capital Partners investment and partnership. This transaction enables the group to grow and better serve the Egyptian population in the coming years and be in a better position to capture growing demand and to provide the most up-to-date, high-tech medical diagnostics. With this partnership, we are looking to strengthen our position as the first radiology group established in the market 34 years ago and the largest in terms of size and patient throughput. Mediterrania Capital Partners’ team bring a solid knowledge of the market and a strong focus on execution. Their deep understanding and embrace of our core values makes them the ideal partner to help us consolidate CAIRO SCAN’s market position and achieve the group’s ambitious development plans.”

Khaled Saba, Senior Country Advisor for Egypt, Mediterrania Capital Partner, said: “The increasing awareness of the need for preventive diagnosis, combined with a focus on healthcare and hygiene and new technologies offering highly targeted treatments are the key growth drivers of the market in Egypt, which continues to increase in double digits. CAIRO SCAN has all the elements in place to achieve the increased market demand while continuing to offer the highest quality radiology and lab services in Egypt.”

The transaction lawyer for Mediterrania Capital Partners was Zaki Hashem & Partners Law Firm. Financial due diligence provided by EY.

This transaction marks the first investment of Mediterrania Capital Partners in Egypt.

About Mediterrania Capital Partners
Managed by Albert Alsina, CEO and Founder, Mediterrania Capital Partners is a Private Equity firm focusing on growth investments in SMEs and mid-cap companies in Africa. The company started its operations in 2008 under “Fons Mediterrania Capital” and since 2013 is an independent General Partner Structure.

With offices in Abidjan, Algiers, Barcelona, Cairo, Casablanca, 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.

Mediterrania Capital Partners is a regulated financial investment manager licensed by the Malta Financial Services Authority (MFSA) and the Financial Services Commission (FSC) in Mauritius.

 

For further information, contact:
Montserrat Petit, Communications Manager
mpetit@mcapitalp.com
+356 9914 7237

www.mcapitalp.com
www.linkedin.com/company/mediterrania-capital-partners

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Mediterrania Capital Partners supports KMR in building the largest private higher education platform in Morocco and French-speaking Africa

16-01-2018. Barcelona/Malta. Mediterrania Capital Partners, the private equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan Africa, in conjunction with its investment partner DPI announce the acquisition of Université Internationale de Casablanca (UIC) by KMR Holding Pédagogique,...

Mediterrania Capital Partners supports KMR in building the largest private higher education platform in Morocco and French-speaking Africa

16-01-2018. Barcelona/Malta. Mediterrania Capital Partners, the private equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan Africa, in conjunction with its investment partner DPI announce the acquisition of Université Internationale de Casablanca (UIC) by KMR Holding Pédagogique, subject to regulatory approvals.

Founded in 2010, Université Internationale de Casablanca (UIC) was created by Laureate Education, Inc., the world’s largest global network of higher education institutions, to meet the fast-growing need for higher education in Morocco. During that time, UIC became the first multidisciplinary private university in Morocco and won the accreditation of the Moroccan Ministry of Education.

KMR Holding Pédagogique, which owns UPM (Université Privée de Marrakech), is managed by a team led by the company’s founder and CEO Mr Mohamed Kabbadj. The group is supported by DPI since 2014 and by Mediterrania Capital Partners since the second half of 2016. The acquisition of UIC is part of KMR’s mission to deliver affordable, quality higher education and strong employability for its students.

Daniel Viñas, Partner at Mediterrania Capital Partners, said: “Nowadays Africa has a shortage of quality education centres at all levels (from pre-school to master’s and postgraduate education, through primary to higher education) and the demand in the continent continues to grow. We are delighted to continue supporting KMR in their expansion objectives with new investment for the acquisition of UIC. This university is highly complementary to UPM’s current offer in Morocco and will allow the group to become the leader in the private higher education sector not only in Morocco but also in French-speaking Africa.”

Following the acquisition, KMR now serves over 7,500 students across four state-of-the-art campuses in Casablanca, Marrakech and Dakar, with seven fields of expertise tailored to both country and employer needs, in medicine & health sciences, engineering, business & management, hospitality, art & culture, sport and executive programs.

The expanded KMR platform offers African students international exposure through a network of over 240 reputable universities and higher education institutions globally, and degrees with multi-campus curriculums including courses in North and sub-Saharan Africa and Europe. It has exemplary employability rates (80% within three months of graduation and 100% within six months) and state diploma equivalent qualifications.

KMR CEO Mr Mohamed Kabbadj said: “We are delighted to continue our growth trajectory and welcome UIC and their students to the KMR group. When we first entered into the partnership with our partners, our ambition was to grow our student base to 5,000, develop new degree programmes and expand our presence into Africa. Our investors have been instrumental in helping us exceed these goals in less than four years and we are excited about the continuation of this journey and the prospect of reaching 10,000 students.”

About Mediterrania Capital Partners
Managed by Albert Alsina, CEO and Founder, Mediterrania Capital Partners is a Private Equity firm focusing on growth investments in SMEs and mid-cap companies in Africa.

With offices in Abidjan, Algiers, Barcelona, Cairo, Casablanca, 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.

Mediterrania Capital Partners is a regulated financial investment manager licensed by the Malta Financial Services Authority (MFSA) and the Financial Services Commission (FSC) in Mauritius.

For further information, contact:
Montserrat Petit, Communications Manager
mpetit@mcapitalp.com
+356 9914 7237

www.mcapitalp.com
www.linkedin.com/company/mediterrania-capital-partners

Download PDF

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