15-12-2022. Malta. Mediterrania Capital Partners, a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan countries, reaches seven exits in 12 months.
Mediterrania’s exits in the last 12 months:
TGCC -> IPO
In December 2021, Mediterrania executed a partial exit of TGCC, the national leader in the construction industry in Morocco, through an IPO in the Casablanca Stock Exchange (CSE). With a one-week subscription period, the IPO was significantly oversubscribed and enabled the largest-ever exit in the CSE of a PE-backed company.
Groupe Cofina -> Secondary sale
In May 2022, four years after investing in Groupe Cofina, the leading mesofinance and transactional financial services institution in West and Central Africa, Mediterrania Capital Partners sold its stake to a Private Equity group based in London. During Mediterrania’s partial tenure, Cofina implemented a growth strategy focused on developing financing solutions to support SMEs in their development.
MedTech Group -> MBO
In July 2022, Mediterrania sold its stake in MedTech, Morocco’s leading IT and telecom services integrator. Under Mediterrania’s tenure, MedTech achieved significant social improvements, including 50% employment growth and increased female employment amounting to over a third of the group’s total workforce. Mediterrania’s exit from MedTech was executed through an MBO led by the management team.
Groupe Scolaire René Descartes -> MBO
In November 2022, Mediterrania exited Groupe Scolaire René Descartes (GSRD), the leading international education programme provider in Tunisia, through an MBO led by GSRD’s management. “Thanks to Mediterrania, we quickly moved from a family entity to a large-scale education group, becoming the market leader in Tunisia,” said Mrs Dhouha Sellaoui, Founder of Groupe Scolaire René Descartes.
Indigo Company -> MBO + Secondary sale
In November 2022, Mediterrania sold its stake in Cap Retail, Indigo’s subsidiary in Morocco, through an MBO led by Cap Retail’s management and backed by Valoris Capital, a Moroccan Private Equity firm.
C.E.C.I. -> MBO
On 13th December 2022, Mediterrania sold its stake in C.E.C.I., Morocco’s leading trailer manufacturer and truck assembler, through an MBO led by C.E.C.I.’s management.
Akdital Group -> IPO
On 14th December 2022, Akdital Group, the largest private clinics group in Morocco, announced its IPO at the Casablanca Stock Exchange enabling Mediterrania’s partial exit from the company. The capital increase was aimed at supporting Akdital’s geographical and medical services expansion, maintaining the fast pace set during Mediterrania’s 2 ½-year tenure.
About Mediterrania Capital Partners
Founded in 2013, Mediterrania Capital Partners is a Private Equity firm focusing on growth investments in SMEs and mid-cap companies in Africa. The firm invests in consolidated and growing companies with an annual turnover of €20 million to €300 million and expansion strategies into North and Sub-Saharan African markets.
Headquartered in Malta and with offices in Abidjan, Barcelona, Cairo, Casablanca and Mauritius, the company takes a proactive, hands-on approach to implementing the growth strategy of its portfolio companies by driving their Value Creation and ESG processes.
Mediterrania Capital Partners is a regulated financial investment manager licensed by the Malta Financial Services Authority (MFSA), the Financial Services Commission (FSC) in Mauritius and the Comisión Nacional del Mercado de Valores (CNMV) in Spain.