22-11-2022. 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, announces it has exited MedTech Group, Morocco’s leader in IT, telecom and software services.
Mediterrania Capital Partners invested in MedTech Group through its MC II fund with the objective of partnering with its founder to expand the business by increasing the capacity of the group’s network, supporting the development of new partnerships and entering the European market.
As a result of Mediterrania Capital Partners’ investment in the group, MedTech closed several strategic acquisitions and implemented key companywide processes for the integration of the different businesses. The group has built up its operations in the Moroccan market and in Europe, extending its range of services and products to cover the entire IT value chain.
Under Mediterrania Capital Partners’ tenure, MedTech has achieved significant social improvements, including 50% employment growth and increased female employment which now represents over a third of the group’s total workforce.
MedTech has also fostered sustainable development and launched an initiative to make computing devices more efficient in order to reduce their power consumption and greenhouse gas emissions. The group has devoted considerable attention to hardware-related initiatives intended to reduce the carbon footprint of the hardware resources of its companies.
Mediterrania Capital Partners’ exit from MedTech Group has been executed through an MBO led by MedTech’s management team.
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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 Valletta 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.