Spain- based Mediterrania Capital Partners, the private equity firm focused on growth investments seeks to invest Mediterrania Capital III LP fund in eight to 12 investments, Albert Alsina, Founder and CEO said.
In addition, the company has announced the first closing of its third capital growth fund, Mediterrania Capital III LP, at €103 million.
Mediterrania Capital III (MC III) provides growth capital to generalist small- and medium-cap companies based in North African and Sub-Sahara African countries including Morocco, Algeria, Tunisia, Egypt, Senegal, Côte d’Ivoire and Cameroon.
On the other hand, the company is searching for SMEs with an equity value of €25 million to €400 million and expansion strategies into North African and Sub-Saharan African markets.
The fund investments will be focused on core sectors such as healthcare, finance, FMCG, education, transport and logistics.
Moreover, Alsina said that Mediterrania Capital III LP is fully operational and plans to complete several investments in the coming months. MC III’s second closing is scheduled for mid-2018 with a target of €250 million.