IFC to invest $18m each in Maghreb PE, Mediterrania Capital

REUTERS/Gary Cameron

The International Finance Corporation (IFC) has proposed to invest $18 million each in Maghreb Private Equity Fund IV and Mediterrania Capital Partners III that will invest in markets across North and West Africa. 

IFC proposes to invest $18m in Maghreb PE

The International Finance Corporation (IFC) has proposed to make an equity investment of up to $18 million (EUR 15 million ), not exceeding 20 per cent of total fund commitments, in Maghreb Private Equity Fund IV LLC (MPEF IV), it said in a disclosure.

MPEF IV is a closed-end private equity fund organized as a Mauritius limited liability company with a target size of EUR 200 million. The fund will have a generalist sector strategy and will invest in small and mid-market growth capital transactions primarily in Tunis, Morocco, Algeria and Egypt, the disclosure said.

The fund will be managed by Emerging North Africa LTD (“AfricInvest” or “Fund Manager”), a Mauritius limited liability company, focused on investing in North Africa. The fund principals are the key shareholders of the fund manager and the general partner. 

IFC to inject $18m in Mediterrania Capital

IFC, the private investment arm of the World Bank, has also proposed to invest up to $18 million in Mediterrania Capital Partners III (MC III), not exceeding 20 per cent of total fund commitments, it said in another disclosure. 

The fund is targeting EUE 250 million in commitments, and will invest in mid-market companies in North and West Africa. The fund is expected to make 8 to 12 investments with ticket sizes ranging between EUR 10 and EUR 30 million, it said.

MCP is an independent fund manager based in Malta with approximately EUR 189 million in assets under management as of March 31st, 2017.                                                        

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.