Mediterrania Capital Partners (MCP), a private Equity firm based in Malta and focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, has Ade a partial exit from its investment in TGCC via an IPO.
Mediterrania Capital Partners (MCP), a private Equity firm based in Malta and focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, has Ade a partial exit from its investment in TGCC via an IPO.
With a one-week subscription period closing on Friday, 3 December, the IPO was significantly oversubscribed, highlighting the company’s attractiveness and strong fundamentals, and enabled the largest-ever Private Equity exit in the CSE. The IPO consisted of a cash-out of MAD300 million and a capital increase of MAD300 million. This capital injection will enable TGCC to continue its expansion plans, both nationally and internationally.
In January 2018, a consortium of investors, led by Mediterrania Capital Partners and including DEG, Proparco and South Suez and Mediterrania’s MC III fund, acquired a stake in TGCC with the aim of supporting the company’s expansion plans based on growth trends in the construction sector in Morocco.
