07-03-2017. Mediterrania Capital Partners, the regional Private Equity firm focusing on growth investments for companies in North African and Sub-Saharan countries, announces its plans to raise €250 million for its fund Mediterrania Capital III (MC III).
Through MC III, Mediterrania Capital will maintain its focus in North Africa while expanding into selected Sub-Saharan countries such as Ivory Coast, Senegal and Cameroon. The firm is planning to continue investing in strong core sectors that benefit from the favourable demographics of the region, a growing middle class with increased purchasing power and rapid urbanisation trends.
The first closing of MC III is scheduled for Q4 2017 with full deployment of the funds planned to be completed within three to four years of the closing.
Mediterrania Capital Partners’ current portfolio include companies in a wide range of sectors such as financial, pharmaceutical, education, consumer, industrial, transport and logistics, support services and telecommunications.
“Our unique, repetitive Value Creation model is allowing portfolio companies to deliver excellent results, outperforming the markets in which they are operating and setting the right foundations for the future,” said Albert Alsina, CEO and Managing Partner of Mediterrania Capital Partners.
Until December 2016, Cumulative EBITDA of MC II’s portfolio companies reached €53 million, up 64% on 2014; Cumulative Revenues came to €340.8 million, a 63% growth rate; and Cumulative Net Income CAGR amounted to €24.5 million, a 42% growth rate, in the same period.
“MC III is the natural step forward for Mediterrania Capital Partners. Since 2013, we have witnessed Africa’s steady evolution, economically and politically, and an increasing number of SMEs with strong growth potential. In fact, the prospects of our new fund look very encouraging, with several solid projects that could benefit from our hands-on Value Creation approach already in the pipeline,” concluded Albert Alsina.
With MC III, Mediterrania Capital Partners aims to continue delivering superior returns to its investors and partners while having a positive impact in the region through sustainable and socially responsible investments.
About Mediterrania Capital Partners
Mediterrania Capital Partners (www.mcapitalp.com) is a private equity firm focusing on African and mainly North African growth investments in SMEs and mid-cap companies.
Headquartered in Malta and with offices in Barcelona, Casablanca, Tunis and Algiers, Mediterrania Capital Partners continues to seek North African and Sub-Saharan-based SMEs with an equity value of €25 million to €400 million. The firm is a regulated financial investment manager licensed by the Malta Financial Services Authority (MFSA).
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