FMO proposes investment in Mediterrania fund

The Dutch entrepreneurial development bank, FMO, has disclosed a proposed €25 million investment in the Mediterrania Capital IV Mid-Cap (MC IV) fund, a generalist private equity vehicle with a target size of €350 million, currently being raised by Mediterrania Capital Partners.

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.

Through providing growth capital to mid-cap corporates in its target region, MC IV aims to partner with management teams to support them with scaling existing operations and further institutionalisation.