FMO approves investment in Mediterrania fund
FMO, the Dutch entrepreneurial development bank, has approved an investment of €25 million in the Mediterrania Capital IV Mid-Cap (MC IV) fund, a generalist private equity fund with a target fund size of €350 million, currently being raised by Mediterrania Capital Partners (MCP).
MC IV will target majority and significant minority investments in mid-cap corporates operating primarily in North-Africa, with some allocation to Francophone sub-Saharan Africa.