Back to the complete issue
Monday, 17 October 2022

EBRD, EIB could commit EUR 35 mn to Mediterrania Capital’s new regional fund

The European Bank for Reconstruction and Development (EBRD) could commit EUR 20 mn to Malta-based impact investor Mediterrania Capital Partners’ fourth fund, which will invest in mid-cap companies in Egypt, Morocco and Tunisia, according to EBRD’s website. The lender is set to approve the investment by 30 November. The European Investment Bank is also considering investing EUR 15 mn in the fund.

About MC IV: The fund has an EUR 350 mn target close, according to the EBRD and EIB. We don’t yet know the timeline for its first close or its targeted ticket sizes or sectors. MC IV succeeds the MC III fund, which focuses on North African education, healthcare, B2C services, food processing, distribution, and export-bound manufacturing firms. MC III acquired diagnostics imaging network MetaMed in 2020, and carved out a 40% stake in Cairo Scan for a reported EGP 103 mn in 2018.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.