Mediterrania receives €20m commitment from Italian LP
Mediterrania Capital Partners has announced that Cassa Depositi e Prestiti S.p.A. (CDP Group) will be investing €20 million in its new MC IV fund to support midcap companies in North and sub-Saharan Africa.
CDP Group is the Italian National Promotional Institute. Its main goal is to accelerate the industrial and infrastructural development of Italy and boost its economic and social growth. CDP Group also actively participates in international cooperation initiatives to support sustainable development in emerging markets.
Following the strategy of the previous Mediterrania Capital Partners funds, MC IV aims to invest up to €350 million in African businesses to help them reach their full potential and generate financial returns for investors.
Albert Alsina, Mediterrania Capital Partners’ founder and CEO said, “We’re delighted to have CDP Group join MC IV as a first-time investor. Through CDP and Mediterrania’s shared values of social inclusion, environmental responsibility and economic impact, we aim to support mid-cap companies in Africa by helping them build strong frameworks for sustainable growth.”
Paolo Lombardo, CDP Group’s director of international development cooperation said, “In line with CDP’s 2022-2024 strategic plan, we pursue our commitment to invest in the sustainable and inclusive economic growth of private enterprises in emerging economies, with a particular focus on supporting women entrepreneurship. This is also thanks to our collaboration with other multilateral and bilateral development institutions as well as the involvement of partners with renowned local expertise, such as Mediterrania Capital Partners. Through this investment we will support the growth of key businesses for Africa, with benefits for Italian companies as well, to create a shared and lasting development.”
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