British International Investment (BII), UK’s development finance institution and impact investor, has committed €15m in the new MC IV fund to support mid-cap companies in North and Sub-Saharan Africa. With two investments already executed (Laprophan and Cash Plus), MC IV aims to invest up to €350m in African businesses to help them reach their full operational and growth potential. Mediterrania Capital Partners’ funds target mid-cap companies operating in sectors crucial for the furtherance of development, including Financial Services, Tertiary Education, FMCG, Construction and Consumer Staples. Albert Alsina, Founder and CEO of Mediterrania Capital Partners, said: “We’re thrilled to count on the ongoing trust and support of BII and welcome them to MC IV. Across all its investments, Mediterrania Capital Partners takes a highly proactive and hands-on approach to implementing the portfolio companies’ growth strategy while leading their ESG processes.

Source: The North Africa Journal November 09, 2023 22:58 UTC