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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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