CDC Group has announced a €25m commitment to Mediterrania Capital Partners III (MCP III), a generalist fund primarily targeting investments in North Africa. Clarisa De Franco, CDC’s Head of African Funds, said:“Our investment in MCP III will support well-established local firms that demonstrate strong potential for growth to become regional leaders, providing the capital and expertise for them to expand. CDC’s investment will enable MCP III to invest in companies that have strong local brands and established customer bases, with the potential to become regional leaders and achieve further revenue growth and operational efficiencies. Albert Alsina, Founder and CEO, Mediterrania Capital Partners said: “We are very excited to have CDC Group joining Mediterrania Capital III, our third fund with a focus on SMEs and mid-cap companies in Africa. “Having CDC Group on board allows us to continue investing in assets with a strong potential for financial returns and ESG impact,” he added.

Source: The North Africa Journal January 22, 2020 19:07 UTC