Mediterrania Capital offers €15 to Egypt, Morocco, Tunisia SMEs

Regional private equity Mediterrania Capital Partners signed a deal to offer €15 million ($850,015) to small and medium enterprises (SMEs) in Egypt, Morocco and Tunisia, the European Bank for Construction and Development (EBRD) announced Tuesday.

Working with the EBRD, Mediterrania Capital will be able to make equity and quasi-equity investments in SMEs in Egypt, Morocco and Tunisia to boost their competitiveness.

“The EBRD’s values of building market economies through businesses that are competitive, green, inclusive, resilient and well-governed are fully aligned with our goals as a private equity firm that seeks to deliver high returns to our investors and partners while helping SMEs grow and set the right foundations for the future,” CEO of Mediterrania Capital Albert Alsina said.

Mediterrania Capital will target core industries such as education, healthcare, finance, retail, telecommunications as well as transport and logistics, Alsina added.

Mediterrania Capital has invested in 17 companies in North Africa, which currently account for €1 billion in annual revenues and 7,000 employees combined.

The company plans to open a new office in Cairo under the management of EBRD’s senior country advisor for Egypt Khaled Saba said.

Egypt Today Contribution Time: 15-Nov-2017 11:22 (GMT)
Egypt Today Last Update Time: 15-Nov-2017 11:22 (GMT)

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