Mediterrania Capital Partners leads €100m co-investment in banking group
Investment in Coris Holding executed alongside several European development finance institutions.
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Private equity firm Mediterrania Capital Partners has announced a €100-million co-investment in Coris Holding, the second largest banking group in the West African Economic and Monetary Union (WAEMU).
This transaction, led by Mediterrania Capital Partners, was executed alongside several European development finance institutions – FMO, British International Investment, BIO from Belgium, and Impact Fund Denmark.
Founded in 2008 by Idrissa Nassa, the Coris Bank Group has established itself as a leading banking group within the WAEMU region. Operating under the Coris Bank International brand, the group is present in ten countries through subsidiaries in Burkina Faso, Côte d’Ivoire, Senegal, Togo, Benin, Mali, Guinea and Chad, as well as two branches in Niger and Guinea-Bissau.
Idrissa Nassa, founder and chairman of Coris Holding, said: “We are delighted to welcome Mediterrania Capital Partners and the DFIs as strategic partners. Their support will contribute to accelerating our growth ambitions, strengthen our regional presence and support our mission to deliver innovative and inclusive financial solutions to our customers across Africa.”
Albert Alsina, founder and CEO of Mediterrania Capital Partners, commented: “Financial inclusion is a cornerstone of Africa’s long-term development and a catalyst for entrepreneurship, job creation and improved living standards. This partnership with Coris Holding underscores our commitment to driving sustainable economic growth and promoting social progress across the region. The support of leading European DFIs further reinforces this shared vision, ensuring that capital is directed where it can generate lasting impact for businesses and communities alike.”
Maty Ndiaye, managing director for West Africa at Mediterrania Capital Partners, added: “Our mission is to empower entrepreneurs and strengthen financial institutions that drive inclusive growth. Coris has demonstrated its ability to support SMEs and expand access to finance across the WAEMU region, and we are proud to contribute to its next phase of growth.”
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