Mediterrania Capital Partners, a Malta-based private equity firm, invests in small and mid-sized companies in Africa to support their growth and to help them deepen their local impact. With Moroccan consumer goods producer Dislog Group, Mediterrania invested in 2021 to give the company a capital boost for developing new products and entering new markets.
It also worked with the company to capture and treat wastewater for reuse; reduce energy consumption and switch a portion of its energy use to solar; and recruit more women and youth for the jobs it creates as it grows.
Mediterrania says since it invested, Dislog has added 2,500 employees and increased its revenues by 89% through organic growth and acquisitions. The firm announced a successful exit from Dislog, one of four exits it hopes to complete from its second and third funds this year.
Exit strategy
Africa’s narrow private equity sector and difficult fundraising environment are putting strain on funds that are nearing the end of their investment terms. Managers are looking for creative solutions, including self-liquidating instruments, redeemable equity, and small IPOs (see, “Agent of Impact Tokunboh Ishmael”).
Mediterranea has not provided details on the terms of its latest exit. The firm is raising its fourth private equity fund, mostly for small and mid-sized businesses in North Africa.
