IFC considering investment in Mediterrania Capital Partners fund

The IFC is considering an investment of up to €20 million into the Mediterrania Capital IV Mid-Cap fund, a private equity vehicle making growth-stage investments in mid-cap companies in North Africa (Morocco, Algeria, Tunisia and Egypt), with an allocation of up to 25% to French-speaking sub-Saharan Africa (mainly Côte d’Ivoire).

The fund is managed by Mediterrania Capital Partners, an experienced manager comprised of 24 investment professionals, including seven partners, spread across six offices with a strong presence in North Africa’s two main markets: Morocco and Egypt.

The fund will seek majority or significant minority stakes, via €20-50 million tickets, in mid-cap companies that typically have strong performance, market positioning, growth prospects, potential for regional expansion, and good quality management backed by shareholders that are aligned to the fund’s objectives. The fund will seek to make eight to 10 investments, focusing on four key sectors: healthcare, FMCG, financial services and manufacturing.