NEWS & AWARDS

Press Releases and Media Alerts

Mediterrania Capital Partners invests in CIEPTAL CARS, the leader in long-term car rental in Algeria

04-04-2016. Mediterrania Capital Partners, the regional private equity firm focusing on growth investments for SMEs in North Africa and Sub-Saharan countries, announces the acquisition of a 43% stake in Cieptal Cars through its second fund Mediterrania Capital II (“MC II”). Founded in 2006, Cieptal...

Mediterrania Capital Partners invests in CIEPTAL CARS, the leader in long-term car rental in Algeria

04-04-2016. Mediterrania Capital Partners, the regional private equity firm focusing on growth investments for SMEs in North Africa and Sub-Saharan countries, announces the acquisition of a 43% stake in Cieptal Cars through its second fund Mediterrania Capital II (“MC II”).

Founded in 2006, Cieptal Cars is a privately-owned company that specializes in the long-term car rental business. The company is the current market leader in Algeria. It owns a large, young fleet of 761 cars and operates as a business-to-business player. Customers are corporate clients mainly from the Oil & Gas sector.

As well as offering long-term car rental services, Cieptal Cars covers other segments such as car transportation, drivers’ services, and car maintenance services. Cieptal Cars operates through two sites, one in Algiers that covers its full service offering, and the other, in Hassi Messaoud, fully dedicated to its long-term car rental activity.

“The company strategy seeks to increase and diversify our client portfolio in Algeria while identifying new opportunities abroad,” declared Mr. Rachid Benlakehal, Cieptal Cars’ founder. “The team of Mediterrania Capital Partners is bringing solid support to our future plans, considering the firm’s extensive business knowledge and experience in the region.”

The car rental market in Algeria is highly fragmented. Cieptal Cars is the company with the largest car fleet in the country in the long-term rental for large corporates segment. The other players in the market are small or focused on business-to-customer short-term rentals.
Mr. Daniel Viñas, Partner of Mediterrania Capital Partners, declared: “Cieptal Cars is extremely well positioned to continue its growth in Algeria and expand across the region. We are very excited with this new investment and are looking forward to helping accelerate the company’s expansion.”

Mediterrania Capital Partners investment will allow Cieptal Cars to increase its car and truck fleet in order to pursue the company’s expansion plans and leverage its competitive advantage.

Consistent with its strategy, Mediterrania Capital Partners continues to search for growth opportunities in the Maghreb region – Morocco, Algeria, and Tunisia. Mediterrania Capital Partners looks for SMBs with an equity value of €25 m to €400 m and expansion strategies into North Africa and Sub-Saharan African markets.

Background

Mediterrania Capital Partners (www.mcapitalp.com) is a dedicated private equity firm focusing on 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, Tunis, 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 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.

For more information, please contact us

Website: www.mcapitalp.com
YouTube channel: www.youtube.com/channel/UCmBxa-EDilIWakYJr1_J6SQ
LinkedIn: www.linkedin.com/company/mediterrania-capital-partners

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Mediterrania Capital Partners fully exits CEPRO

14-01-2016. Mediterrania Capital Partners, the regional Private Equity firm focusing in growth investments for SMEs in North Africa and Sub-Saharan countries, announces a full exit of CEPRO (“Cellulose Processing”), a manufacturer and distributor of baby diapers and feminine sanitary pads...

Mediterrania Capital Partners fully exits CEPRO

14-01-2016. Mediterrania Capital Partners, the regional Private Equity firm focusing in growth investments for SMEs in North Africa and Sub-Saharan countries, announces a full exit of CEPRO (“Cellulose Processing”), a manufacturer and distributor of baby diapers and feminine sanitary pads in Algeria, selling its stake to The Abraaj Group.

In early 2009, Mediterrania Capital Partners acquired a significant minority stake of Cepro through its first fund for North Africa, Fons Mediterrania Capital (MC I) which closed at €63 million in June 2008.

During Mediterrania Capital Partners’ holding period, Cepro has grown its annual revenue by 580% to €58 million, as of December 2015, from €10 million recorded in 2009. The company’s annual sales of baby diapers increased by 400% during the same period – to 600 million diapers sold in 2015.

Earnings before interest, taxes, depreciation, and amortization (Ebitda) had a compound annual growth rate of over 50% between 2009 and 2015.

Additionally, during the period, Cepro tripled its factory size from 10,000 square meters to 30,000 square meters, and has plans to expand its existing facilities even further in the near future.

“We are extremely pleased with the evolution of the company during the time of our partnership.” said Mr. Albert Alsina, CEO and Managing Partner of Mediterrania Capital Partners. “The sale of our stake to The Abraaj Group supports Cepro’s future strategy in terms of product development and geographic expansion”.

Created in 2002, Cepro started diapers production in 2005, and feminine sanitary pads in 2006. The company has six productions lines and employees over 300 people. Djamel Mehri is founder and chairman of the board at Cepro.

Background

Mediterrania Capital Partners (www.mcapitalp.com), is a dedicated private equity firm focusing on 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, Tunis, 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 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.

For more information, please contact us

Website: www.mcapitalp.com
YouTube channel: www.youtube.com/channel/UCmBxa-EDilIWakYJr1_J6SQ
LinkedIn: www.linkedin.com/company/mediterrania-capital-partners

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Cash Plus, a company participated by Mediterrania Capital Partners, acquires Eurosol and becomes the no. 1 independent money transfer company in Morocco

26-10-2015. Cash Plus, a leading money transfer company in Morocco participated by the Private Equity firm Mediterrania Capital Partners, continues its development with the recent acquisition of Eurosol, a Moroccan company that specializes in national and international money transfers. With...

Cash Plus, a company participated by Mediterrania Capital Partners, acquires Eurosol and becomes the no. 1 independent money transfer company in Morocco

26-10-2015. Cash Plus, a leading money transfer company in Morocco participated by the Private Equity firm Mediterrania Capital Partners, continues its development with the recent acquisition of Eurosol, a Moroccan company that specializes in national and international money transfers.

With the acquisition of Eurosol, Cash Plus has become the second largest money transfer company in Morocco and the largest independent one.

Eurosol holds strong partnerships with global leaders in the industry such as Money Gram, Western Union, and RIA, and accounts for more than 300 point of sales in Morocco. As a result of this acquisition, customers can now access to low-income banking services through more than the 1,000 offices across the country. Cash Plus strategy seeks to leverage on this acquisition to launch new and innovative financial inclusion products within its large network.

Mediterrania Capital Partners, a dedicated Private Equity firm focusing on African and mainly North African growth investments in SMEs and mid cap companies, acquired a 47% stake of Cash Plus in July 2014.
For more information, please contact us

Website: www.mcapitalp.com
YouTube channel: www.youtube.com/channel/UCmBxa-EDilIWakYJr1_J6SQ
LinkedIn: www.linkedin.com/company/mediterrania-capital-partners

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Mediterrania Capital Partners joins the Tunisian pasta leader to help accelerate its international expansion

13-10-2015. Mediterrania Capital Partners, the regional Private Equity firm focusing in growth investments for SMEs in North Africa and Sub-Saharan countries, announces the acquisition of a 23% stake in Société Meunière Tunisienne through its second fund Mediterrania Capital II (“MC...

Mediterrania Capital Partners joins the Tunisian pasta leader to help accelerate its international expansion

13-10-2015. Mediterrania Capital Partners, the regional Private Equity firm focusing in growth investments for SMEs in North Africa and Sub-Saharan countries, announces the acquisition of a 23% stake in Société Meunière Tunisienne through its second fund Mediterrania Capital II (“MC II”).

Mediterrania Capital II has acquired a 23% stake in Société Meunière Tunisienne (SMT), a Tunisian company specialising in wheat collection, transformation and distribution. SMT, with its brand “Randa”, (www.randa.com.tn), is the clear national leader in the pasta segment.

“We want to establish the brand locally while continuing with our international expansion.” declared Mr. Mohsen Hachicha, SMT’s founder. “Mediterrania Capital investment and the team’s strong business experience will help the group consolidate Randa’s leadership position in Tunisia and grow into a regional leader in the coming years”.

Driven by a constant concern for quality, Randa has revolutionised the pasta market, in Tunisia and in Africa, through the introduction of new techniques at the forefront of new technologies. With close to 660 employees working in a modern production facility in the industrial area of Ben Arous (Tunisia), Randa delivers an annual production of over 50,000 tons of pasta and couscous. All stages of production are under strict quality controls, from the careful selection of raw materials to the manufacturing of the finished product, until the ordering process.

With the capital injection from Mediterrania Capital Partners, Randa will continue to focus on new product development in order to meet increasing customer demand, and will put the right elements in place in order to accelerate its international expansion.

“Randa is a clear leader in the agro-industry in Tunisia with high growth potential both in the local markets and abroad.” said Mr. Albert Alsina, CEO and Managing Partner of Mediterrania Capital Partners. “What first attracted us was Randa’s great capability to mix a purely traditional know-how with the latest technological innovations. We are extremely pleased with this new investment and very excited to help accelerate the company’s expansion into the region.”

Consistent with its strategy, Mediterrania Capital Partners continues to search for growth opportunities in the Maghreb region – Morocco, Algeria and Tunisia, with potential expansion into Africa Sub-Saharan countries. Mediterrania Capital Partners looks for SMBs with an equity value of €25 m to €400 m and with expansion strategies into North Africa and Sub-Saharan African markets.

Background

Mediterrania Capital Partners (www.mcapitalp.com), is a dedicated private equity firm focusing on 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, Tunis, 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 (www.cuatrecasas.com) is acting as legal adviser.

For more information, please contact us

Website: www.mcapitalp.com
YouTube channel: www.youtube.com/channel/UCmBxa-EDilIWakYJr1_J6SQ
LinkedIn: www.linkedin.com/company/mediterrania-capital-partners

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Mediterrania Capital Partners reaches target of €120 m for Mediterrania Capital II

27-07-2015. 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...

Mediterrania Capital Partners reaches target of €120 m for Mediterrania Capital II

27-07-2015. 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.

Background

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.

For more information, please contact us

Website: www.mcapitalp.com
YouTube channel: www.youtube.com/channel/UCmBxa-EDilIWakYJr1_J6SQ
LinkedIn: www.linkedin.com/company/mediterrania-capital-partners

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Mediterrania Capital Partners recognised at the 2015 Alternative Investment Awards

02-06-2015. Mediterrania Capital Partners has been awarded “Best Africa Focused Investment Manager” at the 2015 Wealth & Finance Alternative Investment Awards. Malta / United Kingdom – Mediterrania Capital Partners (www.mcapitalp.com), a dedicated private equity firm focused on small- and medium-sized...

Mediterrania Capital Partners recognised at the 2015 Alternative Investment Awards

02-06-2015. Mediterrania Capital Partners has been awarded “Best Africa Focused Investment Manager” at the 2015 Wealth & Finance Alternative Investment Awards.

Malta / United Kingdom – Mediterrania Capital Partners (www.mcapitalp.com), a dedicated private equity firm focused on small- and medium-sized enterprises (SMEs) and mid-cap companies in North Africa, has been awarded “Best Africa Focused Investment Manager” at the 2015 Wealth & Finance Alternative Investment Awards (www.wealthandfinance-intl.com/alternative-investment-awards).

These prestigious awards are all about giving credit where it’s due to the businesses, departments and individuals setting the pace for others to follow in what is one of the business world’s most diverse and fascinating industries.

Mediterrania Capital Partners has been awarded for its innovative approach to investment opportunities in the region of Africa. Speaking about their award, Awards Coordinator Peter Rujgev commented: “The Alternative Investment Awards honour those who are on the cutting edge of providing new and ground-breaking solutions for their clients. With such a tremendous amount of competition for the program this year, it is an honour to acknowledge Mediterrania Capital Partners for this award and wish them another year full of success and inspiration.”

With offices in Barcelona, Casablanca, Tunisia, Algiers, and Valletta, Mediterrania Capital Partners takes a very intense hands-on and proactive approach to implementing its growth strategy, by leading the governance of the companies and driving the key internal value creation process.

Since the beginning of our operations in 2008, we have implemented a hands-on approach to support the growth strategy of our portfolio companies by leading the governance and driving the key internal value creation process.” said Mr. Albert Alsina, Mediterrania Capital Partners Managing Partner and CEO. “This award is a recognition of the team effort and persistence on our objectives over the past years which have delivered great results.”

About Mediterrania Capital Partners

Mediterrania Capital Partners is a dedicated private equity firm focusing in African and mainly North African growth investments in SMEs and mid cap companies. Mediterrania Capital Partners started its operations in 2008 under “Fons Mediterrania Capital” and is a regulated financial investment manager licensed by the MFSA in Malta.

About Wealth & Finance International

Wealth & Finance International is a monthly publication dedicated to delivering high quality informative and up-to-the-minute global business content. It is published by AI Global Media Ltd, a publishing house that has reinvigorated corporate finance news and reporting. More at www.wealthandfinance-intl.com.

ENDS

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Mediterrania Capital Partners raises €115.3 m through Mediterrania Capital II

19-12-2014. Mediterrania Capital Partners (“MCP”), the regional Private Equity firm focusing in Growth investments for SMEs, announces an interim close of Mediterrania Capital II (“MC II”), its second Growth Fund for North Africa, at €115.3 m. This closing is near...

Mediterrania Capital Partners raises €115.3 m through Mediterrania Capital II

19-12-2014. Mediterrania Capital Partners (“MCP”), the regional Private Equity firm focusing in Growth investments for SMEs, announces an interim close of Mediterrania Capital II (“MC II”), its second Growth Fund for North Africa, at €115.3 m.

This closing is near to the target fund size of €120 m and comforts MCP in its objective to reach a final close at €150 m planned for March 2015.

Three new commercial investors have been key to reach this interim close. Additionally, two of the first close investors have strengthened their interest by granting MC II with additional financial commitments. This is a proof of the trust that LPs have developed on the MCP team over the past years.

Mr. Albert Alsina, MCP Managing Partner and CEO, declared: With this additional commitment, we further diversify and strengthen our investor base in terms of geography and investor type. We are very proud of this outcome and look forward to welcoming new investors in our Fund.”

Consistent with its strategy, MCP continues to seek growth opportunities in the Maghreb region – Morocco, Algeria and Tunisia, with potential expansion into Africa Sub-Saharan countries. MCP searches SMBs with an enterprise value of €10 m to €50 m and with expansion strategies into North Africa and Sub-Saharan African markets.

 “MC II, our second fund managed by Mediterrania Capital Partners, is the continuation of the great work performed by the team. With the second fund investors, we are able to execute larger transactions (up to 40 m) as we offer co-investments rights to our existing investors.”, Mr. Albert Alsina concluded.

MC II already completed two deals in acquiring 49% of Cash Plus, a Moroccan company active in the financial services sector, in July; and 45% of C.E.C.I., an industrial vehicles manufacturer of trucks and trailers leader in Morocco and Algeria and expanding in the region, in November of the current year.

MC II continues to receive interests from African, European and American investors.

Background

Mediterrania Capital Partners, MCP (www.mcapitalp.com), is a dedicated private equity firm focusing in African and mainly North African growth investments in SMEs and mid cap companies. MCP started its operations in 2008 under “Fons Mediterrania Capital”.

With offices in Barcelona, Casablanca, Tunisia, Algiers and Malta, MCP takes a very intense hands-on and proactive approach to implementing its growth strategy, by leading the governance of the companies and driving the key internal value creation process. The partners of MCP have extensive experience in managing companies including commercial experience, strategy formulation, finance and operations.

MCP is a regulated financial investment manager, licensed by the MFSA, in Malta. Mediterrania Capital II is also a MFSA regulated PE Fund. Cuatrecasas is acting as legal adviser for MCP. S.O. Capital Advice (www.socapadvice.com) is acting as global placing agent for MC II.

For more information, please contact us or nchaouat@socapadvice.com.

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Mediterrania Capital II buys 45% of C.E.C.I.

24-11-2014. Mediterrania Capital Partners (“MCP”), the regional Private Equity firm focusing in growth investments for SMEs, announces the acquisition of a 45% stake at C.E.C.I. through its second fund Mediterrania Capital II (“MC II”). Mediterrania Capital II has acquired a...

Mediterrania Capital II buys 45% of C.E.C.I.

24-11-2014. Mediterrania Capital Partners (“MCP”), the regional Private Equity firm focusing in growth investments for SMEs, announces the acquisition of a 45% stake at C.E.C.I. through its second fund Mediterrania Capital II (“MC II”).

Mediterrania Capital II has acquired a 45% stake at C.E.C.I., a leading company in manufacturing of trucks and trailers in the Moroccan and Algerian markets with a strong expansion focus. This segment has experienced a double-digit growth for several consecutive years and C.E.C.I. is in an exceptional position to continue to capture the growth of the sector across the North Africa region, which boasts huge demands for this type of products and has a limited offering.

“Partnering with Mediterrania Capital II has been an excellent choice. The team have a solid experience in business management and bring all their knowledge into our strategy discussions.” The Local Partner and Executive President of C.E.C.I., Mr. Marc Madgid Bazgoneh, said. “Thanks to Mediterrania Capital Partners, we feel capable to double the size of the company in less than 5 years. The value creation model of MCP is a clear differentiator versus other investors.“

Mr. Albert Alsina, MCP Managing Partner and CEO, declared: ”We are very pleased with this partnership. C.E.C.I. is extremely well positioned to benefit from the Logistics and Transports growing demand in Morocco and Algeria. The injection of capital, together with our business management expertise, support and accelerate C.E.C.I.’s expansion plan into this segment.”

Consistent with its strategy, MCP continues to seek growth opportunities in the Maghreb region – Morocco, Algeria and Tunisia, with potential expansion into Africa Sub-Saharan countries. MCP searches SMBs with an enterprise value of €10 m to €50 m and with expansion strategies into North Africa and Sub-Saharan African markets.

Background

Mediterrania Capital Partners, MCP (www.mcapitalp.com), is a dedicated private equity firm focusing in African and mainly North African growth investments in SMEs and mid cap companies. MCP started its operations in 2008 under “Fons Mediterrania Capital”.

With offices in Barcelona, Casablanca, Tunisia, Algiers and Malta, MCP takes a very intense hands-on and proactive approach to implementing its growth strategy, by leading the governance of the companies and driving the key internal value creation process. The partners of MCP have extensive experience in managing companies including commercial experience, strategy formulation, finance and operations.

MCP is a regulated financial investment manager, licensed by the MFSA, in Malta. Mediterrania Capital II is also a MFSA regulated PE Fund. Cuatrecasas is acting as legal adviser for MCP.

For more information, please contact us.

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Mediterrania Capital II buys 49% of Cash Plus

31-07-2014. Mediterrania Capital Partners (“MCP”), the regional Private Equity firm focusing in growth investments for SMEs, announces a first investment through its second fund Mediterrania Capital II (“MC II”). Mediterrania Capital has acquired a 49% stake at Cash Plus, a...

Mediterrania Capital II buys 49% of Cash Plus

31-07-2014. Mediterrania Capital Partners (“MCP”), the regional Private Equity firm focusing in growth investments for SMEs, announces a first investment through its second fund Mediterrania Capital II (“MC II”).

Mediterrania Capital has acquired a 49% stake at Cash Plus, a leading money transfer company in Morocco, active both on national and international cash transfer businesses. With 360 point of sales in Morocco, the company is planning for an aggressive expansion of up to 500 points of sales by the end of 2015. Cash Plus, which holds strong partnerships with renowed financial institutions such as Money Gram and Western Union to deliver the international transfers, is a family-owned business boasting €7 m revenues in 2014.

Mr. Abderrahim Diouri, Cash Plus CEO, declared: “MCP capital injection into our company, together with the team business knowledge and management expertise, are the perfect combination that will enable us to reach our ambitious objectives”.

Cash Plus’s aim is to build a strong money transfer player with an extensive network. Currently, the sector is growing at an average growth rate of 13% for international transfers and an average growth rate of 26 % for national transfers.

”With this first investment from MC II we are partnering with a leader in the financial services industry. Cash Plus’s expansion strategy seeks to increase their capillarity in Morocco and grow the company’s presence in North Africa.”, said Mr. Hatim Ben Ahmed, MCP Partner.

Consistent with its strategy, MCP continues to seek growth opportunities in the Maghreb region – Morocco, Algeria and Tunisia, with potential expansion into Africa Sub-Saharan countries. MCP searches SMBs with an enterprise value of €10 m to €50 m and with expansion strategies into North Africa and Sub-Saharan African markets.

Background

Mediterrania Capital Partners, MCP (www.mcapitalp.com), is a dedicated private equity firm focusing in African and mainly North African growth investments in SMEs and mid cap companies. MCP started its operations in 2008 under “Fons Mediterrania Capital”.

With offices in Barcelona, Casablanca, Tunisia, Algiers and Malta, MCP takes a very intense hands-on and proactive approach to implementing its growth strategy, by leading the governance of the companies and driving the key internal value creation process. The partners of MCP have extensive experience in managing companies including commercial experience, strategy formulation, finance and operations.

MCP is a regulated financial investment manager, licensed by the MFSA, in Malta. Mediterrania Capital II is also a MFSA regulated PE Fund. Cuatrecasas is acting as legal adviser for MCP.

For more information, please contact us.

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Mediterrania Capital Partners raises €90 m through Mediterrania Capital II

11-11-2013. Mediterrania Capital Partners (“MCP”), the regional Private Equity firm focusing in Growth investments for SMEs, announces the first close of its second Growth Fund for North Africa, Mediterrania Capital II, at €90 m. A first closing that has been...

Mediterrania Capital Partners raises €90 m through Mediterrania Capital II

11-11-2013. Mediterrania Capital Partners (“MCP”), the regional Private Equity firm focusing in Growth investments for SMEs, announces the first close of its second Growth Fund for North Africa, Mediterrania Capital II, at €90 m.

A first closing that has been achieved in a record time and above the €80 m initial target. Mediterrania Capital II is now looking at a final close with a hard cap at €150 m. The Fund will provide growth capital to generalist small and medium sized companies based in North Africa including Morocco, Algeria and Tunisia.

MCP maintained the strong market support in its fund raising efforts, with 8 investors completing the initial close. The support of financial institutions has been key to the fast track closing, with the initial support of EIB backed by AECID and the European Commission, a historical investor in Mediterrania Capital I, as well as the additional support of well-known development finance institutions and commercial investors such as the EBRD, IFC, FMO, DEG, together with the Averroes Finance II Fund of Fund, the Canadian based Investor Fund of Fund Sarona and Trea Spanish based Family Office that completed the initial investors group.

Consistent with its strategy, MCP will continue to seek good growth opportunities in the Maghreb Region, searching companies with an enterprise value of €10 m to €50 m. Albert Alsina, Managing Partner and CEO stated: “this second fund is the continuation of the good work done by the team. With the second fund investors, we could do larger transactions up to €50 m as we will offer co/investments rights to our existing investors”.

The firm is focusing on completing a number of investments and finishing its second close in the next months.

Background

Mediterrania Capital Partners, MCP (www.mcapitalp.com), is a dedicated private equity firm focusing in African and mainly North African growth investments in SMEs and mid cap companies. MCP started its operations in 2008 under “Fons Mediterrania Capital”.

With offices in Barcelona, Casablanca, Tunisia, Algiers and Malta, MCP takes a very intense hands-on and proactive approach to implementing its growth strategy, by leading the governance of the companies and driving the key internal value creation process. The partners of MCP have extensive experience in managing companies including commercial experience, strategy formulation, finance and operations.

MCP is a regulated financial investment manager, licensed by the MFSA, in Malta. Mediterrania Capital II is also a MFSA regulated PE Fund. Cuatrecasas is acting as legal adviser for MCP. S.O. Capital Advice (www.socapadvice.com) is acting as global placing agent for MC II.

For more information, please contact us or nchaouat@socapadvice.com.

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