Mediterrania III (IFC-40142)

Countries
  • Mauritius
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
Bank Risk Rating
U
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.
Borrower
MEDITERRANIA CAPITAL III (SICAV) PLC
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 Amount (USD)
$ 17.92 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. 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
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
(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

Contact Information
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/