NEWS & AWARDS

Press Releases and Media Alerts

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.

Download PDF

Close

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.

Download PDF

Close