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EBRD Backs MC IV Fund

Anna Lyudvig
Sept. 22, 2023, 11:13 a.m.
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The European Bank for Reconstruction and Development (EBRD), a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 36 economies across three continents, will be investing up to €30m in the new Mediterrania Capital Partners’s MC IV fund to support mid-cap companies in North and Sub-Saharan Africa. 

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The European Bank for Reconstruction and Development (EBRD), a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 36 economies across three continents, will be investing up to €30m in the new Mediterrania Capital Partners’s MC IV fund to support mid-cap companies in North and Sub-Saharan Africa. 

Anne Fossemalle, EBRD Director for Private Equity Funds, said: “Through our investments we aim to help local businesses flourish, promote innovation, catalyse enterprise growth and, critically, seek financial returns for the Bank. We are proud that our fund investments ultimately improve the quality of people’s lives in EBRD’s Countries of Operations."

"With their established presence in North Africa, transactional and operational experience, robust ESG processes and dedication to the promotion of gender equality, Mediterrania Capital Partners continues to be a key partner for the Bank.”

With one investment already fully executed - a Moroccan harmaceutical company Laprophan - MC IV aims to invest up to €350m in African businesses to help them reach their full operational potential and generate financial returns for investors. 

Mediterrania Capital Partners’ funds target mid-size companies operating in sectors crucial for the furtherance of development, including Education, Financial Services, Healthcare, Pharmaceuticals, Construction and Consumer Staples. 

Albert Alsina, Founder and CEO of Mediterrania Capital Partners, said: “We’re very excited to be able to count on the ongoing trust and support of the EBRD. The EBRD’s values of building market economies through businesses that are competitive, green, inclusive, resilient and well-governed are fully aligned with our goals as a private equity firm that seeks to deliver high returns to our investors and partners while helping businesses grow and set the right foundations for the future.”  

Mediterrania Capital Partners is a private equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan countries.

EBRD’s commitment follows previous investments in two of Mediterrania Capital Partners’ funds: Mediterrania Capital II and Mediterrania Capital III. 

Over the past 10 years, the two funds have invested in 15 African SMEs and mid-size companies, delivering aggregated annual revenues of €1.5bn and employing more than 22,000 people. 

Across all its investments, Mediterrania Capital Partners takes a highly proactive and hands-on approach to implementing the portfolio companies’ growth strategy while leading their ESG processes. 

This approach enables portfolio companies to deliver superior EBITDA and revenue growth rates while promoting responsible and sustainable development.

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