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Mediterrania Capital Partners’ investment funds deliver €1.1bn in sales

Africa Global Funds
May 22, 2016, midnight
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Mediterrania Capital II cumulative portfolio sales have reached €195m, representing 18% year-on-year growth, according to Mediterrania Capital Partners's financial results.

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Mediterrania Capital II cumulative portfolio sales have reached €195m, representing 18% year-on-year growth, according to Mediterrania Capital Partners's financial results.

The regional private equity firm, which is focusing on growth investments for companies in North African and Sub-Saharan countries, has announced the 2015 results of Mediterrania’s second investment fund.

Up to the end of 2015, cumulative EBITDA reached €30m, representing a 25% year-on-year increase.

Albert Alsina, CEO and Managing Partner at Mediterrania Capital Partners, said: “We are extremely pleased with the performance of MC II portfolio companies in 2015. The diligent implementation of our hands-on value creation model and of the ESG processes coupled with the full involvement of the management teams in bringing their company to the next level are delivering great results.”

MC II closed on target in July 2015 with €120m of assets under management.

In 2014 and 2015 MC II acquired several stakes in the following companies from a wide range of sectors: Cash plus, a money transfer company based in Morocco, active in both national and international cash transfer businesses; C.E.C.I., a leading truck and trailer manufacturer operating in the Moroccan and Algerian markets with a strong expansion focus; Randa, a Tunisian company which specialises in wheat collection, transformation and distribution; BS Invest, a group of companies that distribute leading apparel brands in Tunisia, Morocco and Algeria; and Cieptal Cars, the market leader in the long-term car rental business in Algeria.

Overall, in the same period, portfolio companies of Mediterrania Capital Partners’ investment funds, MC I and MC II, delivered €1.1bn in sales.

In total, they employ more than 6,000 people in North and Sub-Saharan Africa.

Mediterrania Capital Partners continues to search for growth opportunities in the Maghreb region – Morocco, Algeria, and Tunisia.

Mediterrania Capital Partners looks for SMBs with an equity value of €25m to €400m and expansion strategies into North African and Sub-Saharan African markets.

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