July 27th 2015: Mediterrania Capital Partners, the regional Private Equity firm focusing in Growth investments for SMEs, announces a final close of Mediterrania Capital II (“MC II”), its second Growth Fund for North Africa, at the planned target of €120 m. This second fund was raised following Mediterrania Capital Partners’ first fund, Fons Mediterrania Capital FCR, which is in divestment process nowadays.
Until today, the two investment vehicles managed or advised by Mediterrania Capital Partners have invested in 12 companies delivering aggregated revenues of €790 m in 2015.
With MC II, Mediterrania Capital Partners continues to seek growth opportunities in the Maghreb region – Morocco, Algeria and Tunisia, with potential expansion into Africa Sub-Saharan countries. Mediterrania Capital Partners invests in small and mid-market companies with an equity value in the €25 m to €400 m range, usually taking a minority stake.
Mr. Albert Alsina, Founder, CEO and Managing Partner of Mediterrania Capital Partners, said: ”With our second fund, we will continue focusing on core sectors, taking advantage of the significant growth expectations of the African economies, the overall low competition levels, the relatively stable markets, and the positive demographics of the region.”
MC II already completed two deals in acquiring 47% of Cash Plus, a Moroccan company active in the financial services sector, in July 2014; and 45% of C.E.C.I., an industrial vehicles manufacturer of trucks and trailers and the still-expanding regional leader in Morocco and Algeria, in November 2014. MC II is in the process of closing three additional investments in Tunisia and Algeria.