Quick Summary:
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Mediterrania Capital Partners has closed its €600 million MC IV fund, targeting growth-stage mid-cap companies across North and West Africa.
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The fund will focus on high-potential sectors such as financial services, education, consumer goods, and healthcare.
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Over 75% of the capital is expected to be deployed within four years, with the firm maintaining its hands-on investment and operational support approach.
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Institutional investors including DFIs, pension funds, and sovereign wealth funds contributed to the fund, signaling growing confidence in Africa’s mid-cap investment landscape.
Mediterrania Capital Partners, a private equity firm focused on growth investments across Africa, has announced the final close of its newest fund — Mediterrania Capital IV Mid Cap (MC IV) — with total commitments of €600 million. This marks a major milestone for the firm and highlights growing investor confidence in Africa’s mid-cap sector.
Structured as a 10-year closed-end fund, MC IV will support established, mid-sized African companies with solid growth potential and the capacity to evolve into regional or pan-African market leaders.
Targeting Growth in North and West Africa
The fund will primarily focus on North and West Africa, while also considering select high-impact opportunities across the wider continent. MC IV plans to invest in businesses with strong fundamentals in high-growth sectors and those on the verge of regional expansion or preparing for IPOs.
Over 75% of the fund’s capital is expected to be deployed within the first four years, reinforcing Mediterrania Capital’s proactive investment strategy.
Strategic and Hands-On Investment Approach
Mediterrania Capital will continue its hands-on, value-creation approach. The firm offers not just funding but also strategic guidance and operational support to help portfolio companies scale effectively and sustainably.
The fund will typically take significant minority or majority stakes in companies, helping them unlock new markets and improve long-term competitiveness.
Strong Investor Confidence in Africa’s Growth
Albert Alsina, Founder and CEO of Mediterrania Capital Partners, noted that the fund’s success signals investor confidence in Africa’s future:
“The final close of MC IV reflects the strong confidence our investors have in Africa’s long-term growth prospects and in our ability to generate value.”
He emphasized the untapped potential of Africa’s mid-cap segment, particularly in financial services, consumer goods, healthcare, and education—areas where Mediterrania has seen prior success.
Backed by Global Institutional Investors
Though the firm has not publicly listed all contributors to MC IV, it confirmed participation from a diverse group of institutional investors, including:
- Development finance institutions (DFIs)
- Pension funds
- Sovereign wealth funds
- Family offices
Past Mediterrania Capital funds have been supported by major institutions such as the European Investment Bank (EIB), British International Investment (formerly CDC Group), and the International Finance Corporation (IFC).
A Decade of Impactful Investing in Africa
Mediterrania Capital Partners, headquartered in Barcelona, has been active in African markets since 2013, with regional offices in Abidjan, Algiers, Cairo, and Valletta.
Notable past investments include:
- TGCC (Construction – Morocco)
- Cieptal Cars (Automotive – Algeria)
- Université Privée de Marrakech (Education – Morocco)
These deals reflect the firm’s commitment to economic growth, job creation, and regional integration across Africa.