Spain’s Mediterrania Capital Partners to invest in Egypt through its MC III fund
INVESTMENT WATCH- Spain’s Mediterrania Capital Partners will invest in Egypt through its MC III fund, which is currently looking to raise EUR 100 mn in a second closing planned to wrap up this month, the Africa-focused PE firm’s Egypt advisor Khaled El Saba said, according to Al Mal. Part of the proceeds will be allocated to Egypt, with the fund also planning to put money into projects in the Maghreb (Tunisia, Algeria, and Morocco), Senegal, Ivory Coast, and Cameroon.
Mediterrania targets education, health, B2C firms: MC III is interested in Egypt’s education, healthcare, B2C services, food processing, distribution, and export-bound manufacturing industries, El Saba said. We noted back in January 2018 that the fund carved out a 40% stake in Cairo Scan for a reported EGP 103 mn.