Mediterrania Capital Partners signs LP for fourth fund

The IFC has announced that it will invest in the first close of Mediterrania Capital Partners’ Mediterrania MC IV fund.

Mediterrania IV will provide growth capital to medium-sized enterprises working in the healthcare, fast-moving consumer goods, financial services and manufacturing sectors.

IFC will make an equity investment of up to €25 million in the fund, with the option to invest an additional €20 million.

The fund will invest mostly in North Africa, with up to 25% of its capital allocated to West and Central Africa. With a target size of €350 million, the fund will support the expansion of dynamic, growing companies with an annual turnover of between €20 million and €300 million.

The fund will invest at least 25% of its capital in businesses owned or led by women. In both the Middle East and Africa, only 6% of all private equity capital is allocated to women-led businesses.

”We are very happy to continue to count on IFC’s support to our funds,” said Albert Alsina, founder and CEO of Mediterrania Capital Partners. ”With IFC, we share the same objectives to achieve solid returns and liquidity combined with a strong commitment to deliver real and measurable impact on societies and the environment. Thanks to IFC’s trust in our investments, we are helping thousands of people in Africa to have a better life.”

”IFC’s partnership with Mediterrania is supporting the growth of dynamic medium-sized enterprises, important drivers of growth in economies across Africa,” said Sérgio Pimenta, IFC vice president for Africa. ”This fund will bring much-needed capital to young businesses, helping them create jobs, reach new markets, and provide goods and services across a number of sectors.”

The new investment is IFC’s third commitment to funds managed by Mediterrania Capital. IFC previously invested in Mediterrania II in 2013 and Mediterrania III in 2017.