Mediterrania Capital Partners Leads US$67 Million Investment in TGCC (MENA)

Source(s): Mediterrania Capital Partners

Africa-focused private equity firm Mediterrania Capital Partners has led an EUR55 million (approximately US$67 million) investment in Morocco-based construction company Travaux Généraux de Construction de Casablanca (TGCC). Mediterrania invested through Mediterrania Capital III. Development finance institutions DEG and Proparco and Africa-focused fund of funds manager South Suez also participated. TGCC manages construction projects in the residential, hospitality, commercial, industrial, administrative and infrastructure sectors in Morocco, Gabon and Côte d’Ivoire.