Mediterrania portfolio companies deliver 30% year-on-year EBITDA growth
The Mediterrania Capital III fund delivered 30% year-on-year EBITDA growth until end of 2023.
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Mediterrania Capital Partners, an Africa-focused private equity firm, has announced that the portfolio companies managed by its Mediterrania Capital III (MC III) fund delivered 30% year-on-year EBITDA growth until end of 2023. At the same time, the revenues of MC III’s aggregated portfolio grew by 11% y-o-y while net income was 78% up on 2022.
MC III’s portfolio comprises the following companies:
– Akdital, the largest private hospital group in Morocco with 22 healthcare facilities and a capacity of 2,400 beds (partially exited in 2022)
– Aziza, the largest food retail operator in Tunisia with 500+ stores across the country
– Dislog Industries, an FMCG retailer in Morocco supplying products to 75,000+ stores
– Groupe Cofina, a meso-finance institution in West and Central Africa operating in Côte d’Ivoire, Senegal, Guinea Conakry, Gabon, Mali, Congo Brazzaville and Burkina Faso, serving more than 254,000 customers (exited in 2022)
– RayLab, the largest diagnostic imaging platform in North Africa and the Middle East, performing 900,000 examinations annually
– TGCC, a general contractor in Morocco with operations also in Senegal and Côte d’Ivoire (partially exited in 2021)
Having completed two of the largest IPOs on the Casablanca Stock Exchange (CSE) with TGCC and Akdital, as well as a full sale with Groupe Cofina, MC III has provided its investors with over 40% liquidity in its fifth year of existence.
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