Paris, November 21st, 2023 - Bpifrance is pleased to announce it will be joining the MC IV fund of Mediterrania Capital Partners (MCP), a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan countries. Bpifrance will invest through Averroès, its Funds of funds dedicated to Africa.

With two investments already executed (Laprophan and Cash Plus), MC IV aims to invest up to €350 million in African businesses to help them reach their full operational and growth potential. MCP’s funds target mid-cap companies operating in sectors crucial for the furtherance of development, including Financial Services, Tertiary Education, FMCG, Construction and Consumer Staples.

Bpifrance, through the Averroès scheme, has been a strong financial supporter of MCP’s funds, collaborating with the Private Equity firm for the last 10 years, having invested in the two previous funds, MC II and MC III. Since the launch of Averroès in 2003, Bpifrance has invested over €205 million on the continent in over 30 private equity and venture capital funds. As of today, the Funds of funds counts more than 160 companies in its portfolio in 40+ African countries and many sectors, including industry, agribusiness, health, transport, etc.

Albert Alsina, Founder and CEO of Mediterrania Capital Partners said: “We are delighted to continue partnering with our long-time investor Bpifrance. After one decade of collaboration, we are very pleased of the results achieved so far and excited to continue working together to help high growth African companies achieve their maximum potential.”

Isabelle Bébéar, Director of International and European Affairs at Bpifrance, adds : “We are happy to join the MC IV fund hence consolidating 10 years of collaboration in support of North African and Sub-Saharan companies with Mediterrania Capital partners. We believe such collaboration is key to support the development of mid-cap companies and to help them reach their full operational and growth potential.”  

Through MC II and MC III, MCP has invested in 17 African SMEs and mid-size companies, delivering aggregated annual revenues of €1.5 billion and employing more than 22,000 people.

Across all its investments, MCP takes a highly proactive and hands-on approach to implementing the portfolio companies’ growth strategy while leading their ESG processes. This approach enables portfolio companies to deliver superior EBITDA and revenue growth rates while promoting responsible and sustainable development.