08-03-2023; 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, is pleased to announce it has been selected by DEG, FMO and Proparco as a “2X Challenge” investment firm.
Launched at the G7 Summit 2018, the 2X Challenge aims to promote women’s economic empowerment in developing countries and has already mobilised billions of dollars of funding for women’s entrepreneurship and employment.
Albert Alsina, Founder and CEO of Mediterrania Capital Partners, said: “In our tenth year investing in mid-size companies in Africa, being elected by our long-time investors DEG, FMO and Proparco to join the 2X Challenge is a great honour as it confirms our ability to support companies with a gender lens approach and gives us the tools to continue improving the lives of women and girls in Africa through our investments.”
Since it began operations in 2013, Mediterrania Capital Partners has pursued a gender lens investing approach and encouraged equal workplace opportunities in its portfolio companies regarding HR, management and supervisory board composition. Moreover, during the screening process of potential investments, the firm makes a preference of investing in companies that market products or services that greatly improve the lives of women and girls.
Rajaa Berrkia, Partner and Director of Sustainability and Risk Officer, added: “The 2X Challenge is setting a new standard in terms of women’s empowerment in Africa. We are excited to be part of this amazing initiative, working with our investors to promote the economic and social development of women through improved access to leadership opportunities, quality employment, finance and enterprise support. The 2X Challenge is intended to benefit women but also has a tremendous impact on entire communities, and that’s crucial for us at Mediterrania Capital Partners.”
By joining the 2X Challenge, Mediterrania Capital Partners commits to establishing a more formal approach to investing in women, screening potential deals for gender impact and inclusiveness and tracking progress, with a special focus on leadership and employment criteria.
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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 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 Moroccan Capital Market Authority (AMMC), the Financial Services Commission (FSC) in Mauritius and the Comisión Nacional del Mercado de Valores (CNMV) in Spain.