MCP ha attualmente una massa di capitale di 250milioni di euro, somma destinata - in teoria - ad investimenti nel capitale di richio
di nuove attività in Nord Africa.
Poi, spesso, queste forme di "investimento" sono legate, comunque, ad una serie di "garanzie collaterali" in grado di dare una redditività minimale
al capitale "di rischio" investito.
Insomma per farlo diventare alla fin fine il meno rischioso possibile per i manager del fondo.
Ed allora, perché mai rischiare ?
Ora, con la nuova politica, MCP dovrebbe estendere la sua attività in Egitto e poi in altre nazioni africane francofone.
Staremo a vedere..
Perché se poi le cose vanno male loro perdono il tranquillo e ben retribuito posto di lavoro..
Perché non trovare "difficile" collocare i capitali e quindi, nel frattempo, non farli "girare" sul circuito bancario e finanziario, senza troppi
rischi e con una minimale e ben certa redditività ?
Ed infatti poi, alla fin fine, quante e quali sono le aziende dove MCP ha conferito una parte del capitale di rischio ?
Le condizioni di invetimento della BAD nel fondo MCP restano comunque ignote.
Come al solito..
The Board of Directors of the African Development Bank (AfDB) has approved a EUR 15 million equity investment in the Mediterrania Capital
Fund III (MC III) under the management of an experienced team of Mediterrania Capital Partners (MCP) with strong
transactional and operational experience in private equity (PE).
MCP currently manages over €220 million in assets through two previous generalist funds investing in North Africa.
This contribution will allow the Fund to provide access to finance to mid-sized businesses of high growth potential and proven business
models who are aiming to become regional players.
With the target capitalization of EUR 250mln, MCIII will invest growth equity in 10 companies in healthcare,
consumer goods, retail, financial services, transport and logistics sectors.
Through the two previous funds over the past 10 years, MCP has mainly invested in Capital Growth markets in North Africa such as Algeria,
Morocco, and Tunisia and is now planning to expand to Egypt and Francophone Sub-Saharan Africa,
where there is emerging investment capital needs characterized by consumption-driven economies,
pro-business policies, rapid urbanization, favorable demographics, and growing consumer classes.
The Bank is expected to play a crucial role in the Fund’s expansion into the new investment destination including Egypt,
Cote d’Ivoire, Senegal and Cameroon, through providing market knowledge as well as unlocking the African capital to
achieve its financial close.
As an Advisory Board member, the Bank will also ensure that transparency, social and environmental, and corporate governance best practices
are adhered to both at the Fund and the portfolio company level.
The Bank’s participation in the Fund is well aligned with the Bank’s Ten Years Strategy (2013-2022)
and its High Five priorities such as Feed Africa, Industrialize Africa, and Improve the quality of life for the people of Africa.
The MCP has already demonstrated capacity to contribute to regional integration through development of multiple
value chains regionally and internationally integrated.
The Fund’s investments will genuinely support pan-African industries while enhancing job creation,
including improving skills for productivity and competitiveness.
The value creation philosophy of the Fund is expected to generate significant development
outcomes stemming from
(i) the provision of growth capital, resulting in spill-over effects on job
creation and tax revenues;
(ii) regional integration by developing sustainable platforms to supply
local and regional markets and export markets expansion, and (iii) development of entrepreneurial skills,
introduction of new technologies and implementation of international standard corporate governance.
( BAD / G. Comerio )