08-02-2024; Mauritius. 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 proud to announce that the portfolio companies managed by Mediterrania Capital III (MC III) delivered 30% y-o-y EBITDA growth until end of 2023. At the same time, the revenues of MC III’s aggregated portfolio grew by 11% y-o-y while Net Income was 78% up on 2022.
With €286 million of AUM, MC III has invested in consolidated and growing SMEs and mid-cap companies in North and Sub-Saharan Africa. Mediterrania Capital Partners is highly focused on value creation and socio-economic impact, working with its partner companies to help them reach their next level of growth and become regional leaders in their respective sectors.
MC III’s portfolio comprises the following companies:
- Akdital, the largest private hospital group in Morocco with 22 healthcare facilities and a capacity of 2,400 beds (partially exited in 2022)
- Aziza, the largest food retail operator in Tunisia with 500+ stores across the country
- Dislog Industries, a leading FMCG retailer in Morocco supplying products to 75,000+ stores
- Groupe Cofina, the leading meso-finance institution in West and Central Africa operating in Côte d’Ivoire, Senegal, Guinea Conakry, Gabon, Mali, Congo Brazzaville and Burkina Faso, serving more than 254,000 customers (exited in 2022)
- RayLab, the largest diagnostic imaging platform in North Africa and the Middle East, performing 900,000 examinations annually
- TGCC, a leading general contractor in Morocco with operations also in Senegal and Côte d’Ivoire (partially exited in 2021)
Having completed two of the largest IPOs on the Casablanca Stock Exchange (CSE) with TGCC and Akdital, as well as a full sale with Groupe Cofina, MC III has provided its investors with over 40% liquidity in its fifth year of existence.
Albert Alsina, Founder and CEO of Mediterrania Capital Partners, said, “We are delighted to announce the outstanding performance of the MC III portfolio. Besides delivering exceptional financial results, through MC III we have created over 1,000 new jobs in 2023 alone while strengthening our commitment towards social issues and climate action. Moving forward, we remain committed to our mission of delivering attractive returns and liquidity to our investors while driving strong ESG impact.”
