Mediterrania Capital Invests in Tunisia-based Société Meunière Tunisienne (MENA)

Source: Mediterrania Capital Partners

North Africa-focused private equity firm Mediterrania Capital Partners has acquired a 23 percent stake in Tunisia-based wheat collection, transformation and distribution company Société Meunière Tunisienne (SMT), which sells pasta under the Randa brand name. The transaction was structured through Mediterrania Capital II. SMT intends to use the capital to consolidate the Randa brand in Tunisia and accelerate its international expansion. Financial details of the transaction were not disclosed.