European LP commits €30m to Mediterrania fund

Mediterrania Capital Partners has announced that the European Bank for Reconstruction and Development (EBRD) will be investing up to €30 million in its new MC IV fund.

With one investment already fully executed (investment in Moroccan pharmaceutical company, Laprophan), MC IV aims to invest up to €350 million in African businesses to help them reach their full operational potential and generate financial returns for investors.

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.”

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.”

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