Mediterrania Capital III LP

North Africa including Egypt and Cote D'Ivoire

Mediterrania Capital Partners III is the third fund raised by Mediterrania Capital Partners. This generalist fund targets investments in North Africa (Morocco, Tunisia, Algeria, and Egypt) with a smaller exposure to Francophone West and Central Africa (Cameroon, Cote d’Ivoire, Senegal).

Our investment

Our investment in MCP III will support well-established local firms that demonstrate strong potential for growth. Investments in these businesses will provide the capital and expertise to support expansion and will help create new direct and indirect jobs, particularly for semiskilled/unskilled workers in a region where youth unemployment is a particular challenge.

Impact

Supporting economic opportunities by creating jobs (SDG 8.5)

How?

CDC’s investment in MCP III will support the fund to invest in 8-12 companies supporting these companies growth and creating jobs.

StakeholderGeographyCharacteristics
Employees

North Africa and Francophone West and Central Africa (Morocco, Tunisia, Algeria, Egypt, Senegal, Cote d’Ivoire, Cameroon)

Primarily low-income.

Grid ScoreContribution
1.8-2.3

To help us direct our investments, we use a tool called the Development Impact Grid. The Grid scores every investment we plan out of a score of four, based on two factors: the difficulty of investing in the country and whether investment in that sector will lead to jobs.

  • Capital not offered in sufficient quality.
  • CDC can bring additional value to the Fund through providing guidance on improving business integrity policies and procedures.
  • CDC's investment helped enable additional investment from other Development Finance Institutions.
Risk
  • Execution: The impact case relies on the Manager’s ability to deliver growth across investees.
  • Alignment: The impact case also requires that the growth to investees businesses leads to job creation.

Environmental and social aspects

We continue to support the fund manager in the implementation of its robust Environmental and Social Management System (ESMS), particularly in managing specific risks associated with this sector.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa
Website:
https://www.mcapitalp.com/
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
Mediterrania Capital Partners
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
October 2019
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$27.3m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Mauritius