Mediterrania Capital IV Mid-CapStatus: Approved investment
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Who is our customer
Mediterrania Capital IV Mid-Cap L.P. (MC IV) is a generalist private equity fund with a target fund size of EUR 350m, currently being raised by Mediterrania Capital Partners (MCP). MC IV will target majority and significant minority investments in Mid-Cap corporates operating primarily in North-Africa, with some allocation to Francophone Sub-Saharan Africa.
What is our funding objective?
Through providing growth capital to Mid-Cap corporates in its target region, MC IV aims to partner with management teams to support them with scaling existing operations and further institutionalization.
Why do we fund this investment?
This investment fits FMO’s strategy of deepening relationships with existing partners in the African private equity landscape, and contributes to improving access to finance for Mid-Cap corporates operating in North- and Sub-Saharan Africa.
What is the Environmental and Social categorization rationale?
The E&S categorization of the Fund is A, based on the pipeline and on the Fund Manager’s strategy. The Manager has established a functioning E&S management system with no material gaps with FMO’s requirements. Proper ESG policies and procedures are in place and well embedded in the investment process (e.g., clear E&S due diligence process, external ESG audits against IFC Performance Standards on portfolio companies, clear roles and responsibilities in the team, KPI’s on ESG and even a policy on ESG related to their exits). MCP has demonstrated a proven commitment towards achieving positive climate impact through developing a climate strategy and will support investees to better assess, manage and monitor climate risks. Expected risks are limited to PS1 (ESIA, ESMS); PS2 (H&S, HR incl. decent work) and PS3 (environmental pollution and RE ), and to a lesser extent to PS4.
- Website customer/investment
- Infrastructure, Manufacturing and Services
- Publication date
- Effective date
- Total FMO financing
- EUR 25.00 MLN
- FMO NV
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C)