Mediterrania III (IFC-40142)

Countries
  • Mauritius
Geographic location 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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
MEDITERRANIA CAPITAL III (SICAV) PLC
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 17.92 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR15 million
Converted using 2017-09-17 exchange rate.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 17, 2017

Disclosed by Bank Aug 10, 2017

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
The proposed project consists of an equity investment of up to Eur 15 million in the Mediterrania Capital Partners III, L.P. (“MC III” or “the Fund”), a 10-year closed-end generalist private equity fund domiciled in Mauritius and managed by Mediterrania Capital Partners (“MCP” or the “Fund Manager”). The Fund is targeting Eur 250 million in commitments, and will invest in mid-market companies in North and West Africa. The Fund is expected to make 8 to 12 investments with ticket sizes ranging between Eur 10 and Eur 30 million. (i) Support job creation: The Fund is targeting mid-cap companies, key drivers of emerging market job creation; (ii) Access to finance: improving access to long-term equity capital for SME and mid-market companies in North and West Africa; (iii) Corporate Governance & ESG: MCP has proven record of improving corporate governance and ESG of investee companies through hands-on approach and operational support. The proposed project consists of an equity investment of up to Eur 15 million in the Mediterrania Capital Partners III, L.P. (“MC III” or “the Fund”), a 10-year closed-end generalist private equity fund domiciled in Mauritius and managed by Mediterrania Capital Partners (“MCP” or the “Fund Manager”). The Fund is targeting Eur 250 million in commitments, and will invest in mid-market companies in North and West Africa. The Fund is expected to make 8 to 12 investments with ticket sizes ranging between Eur 10 and Eur 30 million.
People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.
(i) Support job creation: The Fund is targeting mid-cap companies, key drivers of emerging market job creation; (ii) Access to finance: improving access to long-term equity capital for SME and mid-market companies in North and West Africa; (iii) Corporate Governance & ESG: MCP has proven record of improving corporate governance and ESG of investee companies through hands-on approach and operational support.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
Mediterrania Capital Partners Albert Alsina Managing Partner +356.99.37.0880 aalsina@mcapitalp.com Valetta VLT1213Malta www.mcapitalp.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/

How it works

How it works