Mediterrania Capital III LP

Location:

Regional

Project number:

48959

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Approval date:

18 Oct 2017

Status:

Signed

PSD disclosed:

29 Aug 2017

Translated versions of this PSD: French | Arabic

Project Description

EBRD is considering an equity investment of up to EUR 35 million in Mediterrania Capital III, L.P. (the "Fund"). The Fund has a target size of EUR 250 million and is the follow-on fund of Mediterrania Capital II (SICAV) PLC in which the Bank is an investor.

Project Objectives

The Fund will seek to generate long-term capital gains from equity and quasi-equity investments in small and medium-sized enterprises and mid-cap companies predominantly in Morocco, Tunisia and Egypt.

Transition Impact

The Bank's participation in the Fund will contribute to the expansion of private equity as an asset class in Morocco, Tunisia and Egypt and provide growth capital to local small and medium-sized enterprises and mid-cap companies. Additionally, the Bank's commitment will demonstrate the attractiveness of these countries as an investment destination.

Client Information

MEDITERRANIA CAPITAL III LP
The Fund will be managed by Mediterrania Capital Partners Limited, an existing client of EBRD as the manager of Mediterrania Capital II (SICAV) PLC.

EBRD Finance Summary

EUR 35,000,000.00
An equity commitment of up to EUR 35 million.

Total Project Cost

EUR 250,000,000.00
The target size of the Fund is EUR 250 million.

Environmental and Social Summary

Categorised FI. The Fund will be required to comply with EBRD's Performance Requirements 2, 4 and 9, adopt and implement EBRD's Environmental and Social Risk Management Procedures for Active Equity Funds and submit Annual Environmental and Social Reports to the Bank.

Technical Cooperation

None.

Company Contact Information

Mediterrania Capital Partners
+34 934 451 142
+34 934 451 136
www.mcapitalp.com
Mediterrania Capital Partners C. Diputació, 246 - 2#2# 08007 Barcelona

Business opportunities

For business opportunities or procurement, contact the client company.

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Email: procurement@ebrd.com

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Text of the PIP

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The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.

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