Bpifrance invests in Mediterrania Capital Partners fund
Bpifrance invests in Mediterrania Capital Partners fund
Mediterrania Capital Partners has announced that Bpifrance will be joining its MC IV fund to invest in mid-cap companies in Africa. Bpifrance will invest through Averroès, its funds of funds dedicated
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Mediterrania Capital Partners has announced that Bpifrance will be joining its MC IV fund to invest in mid-cap companies in Africa. Bpifrance will invest through Averroès, its funds of funds dedicated to Africa.
With two investments already executed (Laprophan and Cash Plus), MC IV aims to invest up to €350 million in African businesses to help them reach their full operational and growth potential.
Albert Alsina, founder and CEO of Mediterrania Capital Partners said, “We are delighted to continue partnering with our long-time investor Bpifrance. After one decade of collaboration, we are very pleased with the results achieved so far and excited to welcome them to MC IV. Thanks to Bpifrance’s financial and strategic support we will continue to partner with high-growth African companies, building solid foundations and implementing the necessary strategies to ensure sustainable and long term development.”
Isabelle Bébéar, head of international and European affairs at Bpifrance added, “We are happy to join the MC IV fund, so consolidating 10 years of collaboration in support of North African and sub-Saharan companies with Mediterrania Capital Partners. We believe such collaboration is key in supporting the development of mid-cap companies and helping them reach their full operational and growth potential.”
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