This project is still under review by the EWS. Project information and/or project analysis may be incomplete.
Mediterrania Capital IV Mid-Cap (FMO-61777)

Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
A
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."
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
Not Disclosed
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.
Other Related Projects
Primary Source

Original disclosure @ FMO website

Updated in EWS Mar 20, 2023

Disclosed by Bank Nov 14, 2022

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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.

WHO IS OUR PROSPECTIVE CLIENT?

Mediterrania Capital IV Mid-Cap L.P. (MC IV) is a generalist private equity fund with a target fund size of EUR 350m, currently being raised by Mediterrania Capital Partners (MCP). MC IV will target majority and significant minority investments in Mid-Cap corporates operating primarily in North-Africa, with some allocation to Francophone Sub-Saharan Africa.

WHAT IS THE FUNDING OBJECTIVE?

Through providing growth capital to Mid-Cap corporates in its target region, MC IV aims to partner with management teams to support them with scaling existing operations and further institutionalization.

WHY DO WE WANT TO FUND THIS PROJECT?

This investment fits FMO's strategy of deepening relationships with existing partners in the African private equity landscape, and contributes to improving access to finance for Mid-Cap corporates operating in North- and Sub-Saharan Africa.

ENVIRONMENTAL AND SOCIAL RATIONALE

The E&S categorization of the Fund is A, based on the pipeline and on the Fund Manager's strategy. The Manager has established a functioning E&S management system with no material gaps with FMO's requirements. Proper ESG policies and procedures are in place and well embedded in the investment process (e.g., clear E&S due diligence process, external ESG audits against IFC Performance Standards on portfolio companies, clear roles and responsibilities in the team, KPI's on ESG and even a policy on ESG related to their exits). MCP has demonstrated a proven commitment towards achieving positive climate impact through developing a climate strategy and will support investees to better assess, manage and monitor climate risks.

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.

ACCESS TO INFORMATION

As part of FMO's ex-ante disclosure (disclosure of transactions before contracting), you can send requests or questions for additional information to: disclosure@fmo.nl

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW). A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism

How it works

How it works