Mediterrania lands European LP

German development finance institution, DEG, has signed a €10 million commitment to the Mediterrania Capital IV Mid-Cap (MC IV) fund.

MC IV will be the fourth private equity fund managed by Mediterrania Capital Partners Ltd.

MC IV will focus on investments in North Africa (mainly: Morocco and Egypt) and Francophone West Africa. The companies MCP focuses on are fast growing entities with strong management teams operating in growth markets. The fund will target investments in healthcare, FMCG, financial services and manufacturing.