Mediterrania Capital Partners strengthens its presence in sub-Saharan Africa by acquiring, albeit minority, equity stake in Compagnie Financière Africaine (Cofina), thus enabling the institution of mesofinance to raise 20 million euros, and accelerate its regional growth through to four additional countries in West and Central Africa by 2021.
Realized through its third fund (MC III), the operation is accompanied by technical assistance to enable Cofina to raise up to 50 million euros more, in debt or capital, over the next three years.
With this new participation, Mediterrania Capital Partners will now be able to look to Benin, Burkina Faso, Nigeria and Togo, markets on which its partner will have to establish in the short term.
A private equity firm specializing in growth investments in SMEs and mid-cap companies in North Africa and sub-Saharan Africa, Mediterrania Capital Partners is headed by Albert Alsina, its founding president.
It has offices in Abidjan, Algiers, Barcelona, Casablanca, Cairo, Tunis and Malta.