Mediterrania Capital, through its MCIII fund, has acquired approximately 30% of the capital of Cofina Bank. Amount of the transaction, $ 20 million.
This is an important turning point for the bank specializing in mesofinance. Through this investment, Mediterrania Capital affirms its ambitions for West and Central Africa through the MCIII fund, with 250 million euros.
Founded in 2013, the Cofina Group, rated “tAA” by Wara Agency in the long term, is the first African financial institution dedicated to mesofinance, the “missing link” between microfinance and traditional banking, which offers the possibility African SMEs (90% of private companies on the continent) have easier access to credit.
Present in six French-speaking African countries (Congo-Brazzaville, Ivory Coast, Gabon, Guinea Conakry, Mali, Senegal), Cofina has already financed more than 32,000 projects, of which 52% are women entrepreneurs. With 921 employees, Cofina manages a portfolio of 93,000 clients, spread over its five subsidiaries. The bank has a balance sheet total of 86 billion CFA francs and a net banking income of 10.6 billion CFA francs.
About
Led by Albert Alsina, CEO and Founder, Mediterrania Capital Partners is a private equity fund dedicated to the growth of small and medium-sized enterprises (SMEs) in North Africa and sub-Saharan Africa. The company started its activity in 2008 under the name “Fonds Mediterrania Capital”, and has been evolving since 2013 as an independent structure.
With offices in Abidjan, Algiers, Barcelona, Casablanca, Cairo, Tunis and Malta, Mediterrania Capital Partners adopts a practical and proactive approach in the implementation of its growth strategy, both in corporate governance and in the management of value creation process internally.
Mediterrania Capital Partners is a regulated financial investment manager, licensed by the Malta Financial Services Authority (MFSA).
