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Mediterrania Capital III portfolio companies set to grow exponentially in 2019

Africa Global Funds
Oct. 29, 2019, 5:40 p.m.
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Mediterrania Capital Partners, a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, has announced the highly positive performance of the four Mediterrania Capital III (MC III) portfolio companies: TGCC, Cairo Scan, Groupe Cofina and Aziza.

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Mediterrania Capital Partners, a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, has announced the highly positive performance of the four Mediterrania Capital III (MC III) portfolio companies: TGCC, Cairo Scan, Groupe Cofina and Aziza.

At the end of September 2019, aggregated YTD portfolio sales of MC III’s portfolio companies amounted to €360m, 69% up on the same period last year, while aggregated EBITDA increased by 39%.

Each of the four companies is expected to achieve double - or triple- digit annual Net Income growth until the end of the year.

Albert Alsina, Mediterrania Capital Partners’ CEO and Founder, said: “We couldn’t be more pleased with the current results and financial projections of MC III’s portfolio companies. Our Value Creation model, based on a hands-on approach working closely with management to execute the companies’ business plans, is helping MC III’s portfolio reach their next level of growth.”

“During the first three quarters of 2019, TGCC, Cairo Scan, Groupe Cofina and Aziza have performed well above market trends and are set to deliver outstanding results until the end of the year.”

Saâd Bendidi, Chairman and Partner, added: “On top of value creation, we focus on sustainability issues so, as well as helping our partner companies grow financially, we also look at improving working conditions, female employment rates and governance processes. This ensures we build resilient and responsible companies that will have a lasting impact on the communities and economies in Africa.”

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