EBRD allocates €30mln to support MC IV in Egypt, Morocco and Tunisia

The European Bank for Reconstruction and Development (EBRD) commits up to €30 million to Mediterrania Capital IV (MC IV), the new fund raised by Mediterrania Capital Partners, according to EU Neighbours South official website.

MC IV aims to achieve  long-term capital gains from equity and equity-related investments in mid-cap companies in Egypt, Morocco and Tunisia, according EU neighbors .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.

The fund follows 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, recording €1.5 billion revenues and employing more than 22,000 people.

MC IV seeks to invest up to €350 million in African businesses to support them in reaching their full potential.