Mediterrania Capital Partners in Société Meunière Tunisienne acquisiton

16 Oct 2015

Mediterrania Capital Partners, the regional Private Equity firm focusing in growth investments for SMEs in North Africa and Sub-Saharan countries, announces the acquisition of a 23% stake in Société Meunière Tunisienne through its second fund Mediterrania Capital II (“MC II”).

Mediterrania Capital II has acquired a 23% stake in Société Meunière Tunisienne (SMT), a Tunisian company specialising in wheat collection, transformation and distribution. SMT, with its brand “Randa”, (www.randa.com.tn), is the clear national leader in the pasta segment.

“We want to establish the brand locally while continuing with our international expansion.” declared Mr. Mohsen Hachicha, SMT’s founder. “Mediterrania Capital investment and the team’s strong business experience will help the group consolidate Randa’s leadership position in Tunisia and grow into a regional leader in the coming years”.

Driven by a constant concern for quality, Randa has revolutionised the pasta market, in Tunisia and in Africa, through the introduction of new techniques at the forefront of new technologies. With close to 660 employees working in a modern production facility in the industrial area of Ben Arous (Tunisia), Randa delivers an annual production of over 50,000 tons of pasta and couscous. All stages of production are under strict quality controls, from the careful selection of raw materials to the manufacturing of the finished product, until the ordering process.

With the capital injection from Mediterrania Capital Partners, Randa will continue to focus on new product development in order to meet increasing customer demand, and will put the right elements in place in order to accelerate its international expansion.

“Randa is a clear leader in the agro-industry in Tunisia with high growth potential both in the local markets and abroad.” said Mr. Albert Alsina, CEO and Managing Partner of Mediterrania Capital Partners. “What first attracted us was Randa’s great capability to mix a purely traditional know-how with the latest technological innovations. We are extremely pleased with this new investment and very excited to help accelerate the company’s expansion into the region.”

Consistent with its strategy, Mediterrania Capital Partners continues to search for growth opportunities in the Maghreb region – Morocco, Algeria and Tunisia, with potential expansion into Africa Sub-Saharan countries. Mediterrania Capital Partners looks for SMBs with an equity value of €25 m to €400 m and with expansion strategies into North Africa and Sub-Saharan African markets.

For more information, please see here.

 

« Back to Member News

RT @Mkessome: Secret Santa strikes again with Christmas-themed gifts ⁦@AVCA_Africa⁩ - Who bought the £4.99 toilet paper 😂🤣? https://t.co/yf

Last chance to register for @AVCA_Africa’s Institutional Investor Masterclass! Hear South Africa’s leading investme… https://t.co/lu5EIpEk72

RT @BukiweKabi: The roundtable discussion on fundraising and exits in SA led by Angela Simpson, Corporate Partner at @webberwentzel is unde…

RT @SuperReturn: In the #frontiermarkets stream, we hear from Enitan Obasanjo-Adeleye of @AVCA_Africa as she analyses recent deals in front…

3 days until @AVCA_Africa’s Institutional Investor Masterclass! Hear from the industry’s leading experts on how to… https://t.co/0dS5vWbQ3x

;