EBRD commits €15 million to Mediterrania Capital III Funds to Boost SMEs in Egypt, Morocco and Tunisia
The EBRD is supporting small and medium-sized businesses in Egypt, Morocco and Tunisia with a €15 million equity investment in the first close of Mediterrania Capital III LP (MC III), which could increase up to €35 million in subsequent closings.
This is the third fund of Mediterrania Capital Partners, a regional private equity firm focused on growth investments supporting small and medium-sized enterprises (SMEs) in North Africa and sub-Saharan countries. The EBRD funds will allow Mediterrania Capital to make equity and quasi-equity investments in SMEs in Egypt, Morocco and Tunisia to boost their competitiveness.
It follows a previous €20 million EBRD investment in the second fund of Mediterrania Capital Partners, MC II, to support SMEs in North Africa.