Promoting the growth of African entrepreneurship, particularly in the North and Central West regions, alongside leading financial institutions such as the European Investment Bank (EIB) and the development banks of Germany, France and the Netherlands, is the objective of the new €20 million investment in the MC IV Fund of private equity firm Mediterrania Capital Partners.
The fund, which aims to raise up to €350 million, will finance deals that back medium-sized enterprises operating in key sectors for the development of the African continent, including education, financial services, healthcare, pharmaceuticals, construction and consumer goods.
In addition, the investment will give the CDP Group privileged access to local enterprises with strong growth potential, thereby also favouring new development opportunities for Italian companies.
Mediterrania Capital Partners is a private equity firm focused on investments in African SMEs and mid-cap companies. The company invests in established and growing companies with an annual turnover of between €20 to €300 million and with expansion strategies in the North and Sub-Saharan African markets.