23-11-2022. 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, is pleased to announce that AMMC, the Moroccan Capital Market Authority, has approved the initial public offering (IPO) of Akdital in the Casablanca Stock Exchange (CSE).
Founded in 2010, Akdital is the leading private clinic group in Morocco with a network of 15 multidisciplinary and specialised health establishments across the country. Using advanced techniques and best-in-class equipment, Akdital provides a variety of healthcare services such as cardiology, cardiac surgery, neurosurgery, oncology, radiotherapy, intensive care, neonatal care, etc.
In March 2020, Mediterrania Capital Partners through its MC III fund, invested in Akdital providing financial, strategic and operational support to boost the group’s development plans helping create more than 700 new jobs in the three years of MC III’s tenure.
Through the IPO, Akdital plans to raise 1.2 billion dirhams to help fund the group’s geographical and medical services expansion plans. The offering will take place through a capital increase and a share sale with the subscription period running from 29th November to 6th December 2022.
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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.