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Mediterrania Capital Partners exits six portfolio companies in the last 12 months

Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan countries, is set to make its sixth portfolio company exit in 12 months with the approval from AMMC, the Moroccan Capital Market Authority, for an IPO of Akdital Group in December 2022.

Akdital Group, one the largest private clinics group in Morocco, is launching an IPO at the Casablanca Stock Exchange in mid-December enabling Mediterrania’s partial exit. The capital increase will support Akdital’s geographical and medical services expansion maintaining the fast pace set during Mediterrania’s 3-year tenure.

While Mediterrania’s objective is to create value and deliver attractive financial returns, over the years the PE firm has maintained a responsible investment mentality and worked with its portfolio companies to have a direct and positive impact on societies, economies and the environment.

In December 2021, Mediterrania announced its partial exit of TGCC, the national leader in the construction industry in Morocco, through an IPO in the Casablanca Stock Exchange (CSE). With a one-week subscription period, the IPO was significantly oversubscribed and enabled the largest-ever Private Equity exit in the CSE.

Four years after Mediterrania invested in Groupe Cofina, the leading mesofinance and transactional financial services institution in West and Central Africa, it sold its stake to a Private Equity group based in London in May 2022. During Mediterrania’s tenure, Cofina implemented a growth strategy focused on developing financing solutions to support SMEs in their development. The group also launched mobile and web-based banking applications enabling customers to perform financial transactions from their mobile phones, tablets and computers.

In November 2022, Mediterrania exited Groupe Scolaire René Descartes (GSRD), the leading international education programme provider in Tunisia, through an MBO led by GSRD’s management, and also sold its stake in MedTech, Morocco’s leading IT and telecom services integrator. Under Mediterrania’s tenure, MedTech achieved significant social improvements, including 50% employment growth and increased female employment amounting to over a third of the group’s total workforce. Mediterrania’s exit from MedTech was executed through an MBO led by the management team.

Also in November, Mediterrania sold its stake in Cap Retail, Indigo’s subsidiary in Morocco, through an MBO led by Cap Retails’ management and backed by Valoris Capital, a Moroccan Private Equity firm.

Akdital Group, the largest private clinics group in Morocco, is launching an IPO at the Casablanca Stock Exchange in mid-December 2022 enabling Mediterrania’s partial exit. The capital increase will support Akdital’s geographical and medical services expansion maintaining the fast pace set during Mediterrania’s three-year tenure.

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