Mediterrania portfolio company to list on Casablanca Stock Exchange

Private equity firm Mediterrania Capital Partners has announced that AMMC, the Moroccan Capital Market Authority, has approved the initial public offering (IPO) of Akdital on the Casablanca Stock Exchange.

Founded in 2010, Akdital is a private clinic group in Morocco with a network of 15 multidisciplinary and specialised health establishments across the country. Using advanced techniques and best-in-class equipment, Akdital provides a variety of healthcare services such as cardiology, cardiac surgery, neurosurgery, oncology, radiotherapy, intensive care and neonatal care.

In November 2019, Mediterrania Capital Partners through its MC III fund, invested in Akdital providing financial, strategic and operational support to boost the group’s development plans helping create more than 700 new jobs in the three years of MC III’s tenure.

Through the IPO, Akdital plans to raise 1.2 billion dirhams ($113 million) to help fund the group’s geographical and medical services expansion plans. The offering will take place through a capital increase and a share sale with the subscription period running from 29th November to 6th December 2022.