Bpifrance, the French public investment bank, is set to join the MC IV fund of Mediterrania Capital Partners (MCP), a private equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan countries. Bpifrance will invest through Averroès, its fund of funds dedicated to Africa. MC IV aims to invest up to €350 million in African businesses, with a focus on sectors crucial for development, including Financial Services, Tertiary Education, FMCG, Construction, and Consumer Staples. This collaboration builds on the strong financial support and partnership between Bpifrance and MCP over the last decade.
Key Points:
- Bpifrance will join the MC IV fund of Mediterrania Capital Partners (MCP), a private equity firm focusing on growth investments in SMEs and mid-cap companies in North Africa and Sub-Saharan countries.
- MC IV aims to invest up to €350 million in African businesses operating in sectors crucial for development, including Financial Services, Tertiary Education, FMCG, Construction, and Consumer Staples.
- Bpifrance will invest through Averroès, its fund of funds dedicated to Africa, consolidating a decade of collaboration with MCP.
- MCP has been a strong partner of Bpifrance, with two previous investments executed in Laprophan and Cash Plus through the MC IV fund.
- Bpifrance has been investing in private equity and venture capital funds through Averroès since 2003, with over €205 million invested on the continent in more than 30 funds.
- MC II and MC III, the previous funds of MCP, have invested in 17 African SMEs and mid-size companies, generating aggregated annual revenues of €1.5 billion and employing over 22,000 people.
- MCP takes a proactive and hands-on approach to implementing portfolio companies’ growth strategies and leading their ESG processes.
- The collaboration aims to support the development of mid-cap companies in North Africa and Sub-Saharan Africa.
Analysis: Bpifrance’s participation in Mediterrania Capital Partners’ MC IV fund reflects a continued commitment to supporting the growth and development of African businesses, particularly in North Africa and Sub-Saharan Africa. The collaboration leverages Bpifrance’s Averroès fund of funds, emphasizing the importance of partnerships and financial support for mid-cap companies in key sectors. The MC IV fund’s focus on essential sectors such as Financial Services, Tertiary Education, FMCG, Construction, and Consumer Staples aligns with the broader goals of fostering sustainable development in the region. The hands-on approach of MCP in implementing growth strategies and leading ESG processes underscores the commitment to responsible and sustainable development. Overall, this collaboration strengthens the foundation for further investment in African businesses and contributes to the growth of the continent’s private equity ecosystem.
