Through this investment, the Bank aims to contribute to the resilience of financial markets by sustaining private equity as an alternative funding source in North Africa.
It follows two previous EBRD investments in Mediterrania Capital’s funds: MC II and MC III. Over the past 10 years these two funds have invested in 15 small and medium-sized enterprises (SMEs) and mid-cap companies in Africa, delivering aggregated annual revenues of €1.5 billion and employing more than 22,000 people.
MC IV aims to invest up to €350 million in African businesses to support them in reaching their full operational potential and generate financial returns for investors. Mediterrania Capital’s funds target mid-cap companies operating in sectors that are crucial to furthering development, including education, financial services, healthcare, pharmaceuticals, construction and consumer staples.