20-12-2022. 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, is pleased to announce that its portfolio company Aziza is planning to open its 500th store by the end of 2022.
Founded in 2014 by the Slama family, Aziza is the leading supermarket chain in Tunisia with the largest store network in the country and remains the fastest-growing player in the market.
In July 2019, Mediterrania Capital Partners had three objectives when it invested in Aziza through its MC III fund: to continue the company’s expansion plan, optimise its operations and enhance its performance. With Mediterrania’s financial, operating and strategic support, Aziza has more than doubled the size of its network reaching 500 stores by the end of 2022 and created more than 2,000 new jobs in the last 2½ years. Aziza currently employs 3,725 people and focuses on capturing the middle-class customer market by offering high-quality products at low prices, next-door convenience and simplicity.
Under Mediterrania’s guidance, Aziza has implemented several initiatives to minimise its environmental footprint and started to shift towards renewable energy by installing photovoltaic panels at its stores while modernising the freezing systems in its stores to reduce their energy consumption.
Diversity and inclusion have always been core aspects of Aziza’s philosophy. Across the business, Aziza continues to focus on creating a more diverse and inclusive culture. This has in turn improved the company’s performance, since it better reflects the communities it serves and increases the loyalty of its employees, customers and suppliers.
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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 Financial Services Commission (FSC) in Mauritius and the Comisión Nacional del Mercado de Valores (CNMV) in Spain.