A new €20 million investment from CDP for the growth of African enterprises

A new €20 million investment from CDP for the growth of African enterprises

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.

Paolo Lombardo, CDP’s Director of International Development Cooperation, commented: "In line with our 2022-2024 Strategic Plan, we continue our commitment to invest in the sustainable and inclusive economic growth of private enterprises located in emerging economies, with a particular focus on supporting female entrepreneurship. This is also a result of our collaboration with other multilateral and bilateral development institutions, as well as the involvement of partners with noted local expertise, such as Mediterrania Capital. Through this investment, we will support the growth of key enterprises in Africa, and this will also benefit companies in our own economy, with a view to shared and sustainable development.
 
Albert Alsina, Founder and CEO of Mediterrania Capital Partners, stated: "We are delighted that the CDP Group is joining MC IV. Thanks to CDP and Mediterrania’s shared values in terms of social inclusion, environmental responsibility and economic impact, this partnership will support companies in Africa by helping them grow and generate higher returns for our investors.”

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.