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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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