Mediterrania Fund II Holds an Interim Close at EUR115.3 Million (MENA)

Source: Mediterrania Capital Partners

North Africa-focused private equity firm Mediterrania Capital Partners (MCP) has reached an interim close on its second fund, Mediterrania Capital II (MC II), with EUR115.3 million (approximately US$147.4 million) in capital commitments. MCP aims to reach a final close at EUR150 million in March 2015. MC II has already completed two deals, acquiring a 45 percent stake in Morocco-based industrial vehicles manufacturer C.E.C.I. and a 49 percent stake in Morocco-based financial services company Cash Plus.