Mediterrania Capital Partners, the regional Private Equity firm focusing on growth investments for companies in North African and Sub-Saharan countries, is pleased to announce that it has won “Portfolio Company of the Year” at the Private Equity Africa Awards 2016 (PEA Awards) for Cash Plus, a money transfer company based in Morocco.
Cash Plus is the largest independent money transfer company in Morocco which specialises in national and international money transfers, prepaid credit cards and bill payments. The company operates through 1000+ point-of-sales across the country. In July 2014 Mediterrania Capital Partners acquired a 47% stake of Cash Plus through its second fund, Mediterrania Capital II.
Albert Alsina, CEO and Managing Partner at Mediterrania Capital Partners, said: “Winning this prestigious award is a great motivation for our team who is working tirelessly towards Mediterrania Capital’s goal of generating superior returns for our investors while also having a significant social and economic impact in the region. This award proves that the diligent implementation of our unique Value Creation strategy delivers great results.”
The PEA Awards celebrate the achievements in the industry, focusing solely on the best-in-class achievements of investors and advisors. The awards were presented at the 5th Annual Private Equity Awards Gala Dinner on 9th June, hosted at London’s prestigious Langham Hotel.
The final winners were chosen by an independent panel of highly respected industry participants with representation from Adams Street Partners, HarbourVest Partners, Kusuntu, CDC, Hamilton Lane, SAVCA, Sarona Asset Management, Aon Hewitt and AFIC Africa.
The 2016 Awards attracted over 80 self-entries, complemented by recommendations from the PEA editorial team and supported by industry data. The Awards nominee list was then compiled in partnership with the London Business School Private Equity Institute.
Gail Mwamba, the Awards Chair and Editor of Private Equity Africa, said: “As the dynamic private equity market in Africa continues to go from strength to strength, this year’s awards have distinguished the innovative investment and advisory work and some of the region’s most transformative deals over the last year. The results that the award winners have achieved in the last year truly demonstrate the immense opportunity in African private equity. Congratulations to Mediterrania Capital Partners and all the winners for this year and we look forward to gathering again next year.”
About Mediterrania Capital Partners
Mediterrania Capital Partners (www.mcapitalp.com) is a dedicated private equity firm focusing on African and mainly North African growth investments in SMEs and mid-cap companies. The company started its operations in 2008 under “Fons Mediterrania Capital” and since 2013 is an independent General Partner Structure.
With offices in Barcelona, Casablanca, Tunis, Algiers and Malta, Mediterrania Capital Partners takes an intensely proactive, hands-on approach to implementing its growth strategy by leading the governance of the companies and driving the key internal value creation process.
Mediterrania Capital Partners is a regulated financial investment manager licensed by the Malta Financial Services Authority (MFSA). Mediterrania Capital II is also an MFSA regulated Private Equity Fund.
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About Private Equity Africa
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Fuente: Mediterrania Capital Partners