Mediterra CP II (IFC-37507)

Countries
  • Turkey
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Aug 23, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
MEDITERRA CAPITAL PARTNERS II LP
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 16.67 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 9, 2018

Disclosed by Bank Mar 4, 2016


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Project Description

The proposed project is an equity investment of up to EUR 15 million in Mediterra Capital Partners II L.P., an England incorporated, generalist, lower mid cap, private equity fund focusing on export driven manufacturing, B2B services, industrials, technology and logistics sectors in Turkey. The Fund is targeting EUR 300 million in commitments and expects to make 8-10 investments with an average ticket size of EUR 20-30 million resulting an expected gross IRR of 20-25%.

Investment Description
  • International Finance Corporation (IFC)

Mediterra Capital Management Ltd. (the “Manager” or “Mediterra Capital Partners”), an independent private exempted company established in Guernsey, will manage the Fund.

Private Actors

Mediterra Capital Partners II L.P. is an England incorporated, generalist, lower mid cap, private equity fund focusing on export driven manufacturing, B2B services, industrials, technology and logistics sectors in Turkey.

Mediterra Capital Management Ltd. is an independent private exempted company established in Guernsey, will manage the Fund.

Contact Information

Ahmet Faralyali
Founding Partner
Sehit Halil Ibrahim Cad. No: 39
Istinye Istanbul - Turkey
Phone: +90 (212) 323 54 00
Web: http://www.mediterracapital.com/

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/