21-10-2019. Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, announces the highly positive performance of the four Mediterrania Capital III (MC III) portfolio companies: TGCC, Cairo Scan, Groupe Cofina and Aziza.
2019 performance
At the end of September 2019, aggregated YTD sales of MC III’s portfolio companies amounted to €360 million, 69% up on the same period last year, while aggregated EBITDA increased by 39%. Each of the four companies is expected to achieve double- or triple- digit annual Net Income growth until the end of the year.
Albert Alsina, Mediterrania Capital Partners’ CEO and Founder, said: “We couldn’t be more pleased with the current results and financial projections of MC III’s portfolio companies. Our Value Creation model, based on a hands-on approach working closely with management to execute the companies’ business plans, is helping MC III’s portfolio reach their next level of growth. During the first three quarters of 2019, TGCC, Cairo Scan, Groupe Cofina and Aziza have performed well above market trends and are set to deliver outstanding results until the end of the year.”
Saâd Bendidi, Chairman and Partner, added: “On top of value creation, we focus on sustainability issues so, as well as helping our partner companies grow financially, we also look at improving working conditions, female employment rates and governance processes. This ensures we build resilient and responsible companies that will have a lasting impact on the communities and economies in Africa.”
Value creation with sustainable development
TGCC
Countries: Morocco and Sub-Saharan Africa
Investment Fund: Mediterrania Capital Partners III (MC III)
Founded in 1991, TGCC is the leading general contractor specialising in construction and public works accounting for large projects that span several activity sectors such as Residential, Hospitality, Commercial, Industrial, Administrative and Infrastructure. With more than 8,000 employees, TGCC operates in both Morocco and Sub-Saharan Africa through its subsidiaries in Gabon and Côte d’Ivoire. Mediterrania Capital Partners’ deep business expertise and hands-on approach has been crucial to achieving TGCC’s ambitious expansion plans.
Watch the video: www.youtube.com/watch?v=iK_LmGJCjck&t=46s
Cairo Scan
Country: Egypt
Investment Fund: Mediterrania Capital Partners III (MC III)
Established in 1983, Cairo Scan operates as a specialised, fully integrated diagnostic and interventional imaging and medical laboratory services institution providing high-quality imaging, analytical and related services in Egypt. Through its 18 centres in Cairo and Giza, the group offers first-class medical expertise combined with the most up-to-date equipment and complemented by an exceptional level of service. Cairo Scan employs around 850 doctors and staff on a full- or part-time basis. With the support of Mediterrania Capital Partners, the company is expanding its reach into Egypt and abroad and continues to grow.
Watch the video: www.youtube.com/watch?v=-nDkL8rC5e8&t=66s
Groupe Cofina
Countries: West and Central Africa
Investment Fund: Mediterrania Capital Partners III (MC III)
Founded in 2014, Groupe Cofina is the leading meso-finance institution in West and Central Africa with more than 1,000 employees and 130,000 clients. Cofina operates across six subsidiaries and has positioned itself as the “missing middle”, particularly for entrepreneurs and SMEs who have difficulty in obtaining short and medium-term financing. With the strategic and financial support of Mediterrania Capital Partners, Cofina is improving its product range to continue supporting low-income communities in Africa.
Watch the video: www.youtube.com/watch?v=3akCArfAEIs&t=26s
Aziza
Countries: Tunisia
Investment Fund: Mediterrania Capital Partners III (MC III)
Founded in 2014, Aziza is one of the top four supermarket chains in Tunisia with 250 shops located across the country. Aziza operates over 70,000 sqm of sales area (the third largest in Tunisia) and is the fastest growing leading player in the Tunisian market. The company has achieved impressive development since 2014, delivering major turnover growth, creating the largest store network and generating more than 2,000 jobs. Working with Mediterrania Capital Partners, the company plans to continue its expansion while optimising its operations.
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About Mediterrania Capital Partners
Mediterrania Capital Partners (www.mcapitalp.com) is a private equity firm focusing on African and mainly North African growth investments in SMEs and mid-cap companies.
Headquartered in Malta and with offices in Abidjan, Algiers, Barcelona, Cairo and Casablanca, Mediterrania Capital Partners takes an intensely proactive, hands-on approach to implementing its growth strategy by leading the governance of the companies and driving the key internal value creation process.
Consistent with its strategy, Mediterrania Capital Partners continues to search for SMEs with an annual turnover of €20 million to €300 million and expansion strategies into North and Sub-Saharan African markets.
Mediterrania Capital Partners is a regulated financial investment manager licensed by the Malta Financial Services Authority (MFSA) and the Financial Services Commission (FSC) in Mauritius.
