Industry
Mediterrania Capital Partners is based in Barcelona and Malta (logo: MCP)
Related articles
-
Israel supports a two-state solution to its conflict with Palestine
-
Voltalia invests in five new solar power plants in Portugal
-
HOMERe France and IECD join forces to facilitate the employability of young Lebanese
-
Cyprus' Aphrodite gas field secures financing for its first drilling
-
Malta to receive € 817 million from the EU to green and digitalize its economy
SPAIN / MOROCCO. Venture capitalist Mediterrania Capital Partners, in association with DEG, Proparco and South Suez, is taking a €55 million stake in the Casablanca-based company Travaux Généraux de Construction (TGCC).
Founded in 1991 by Mohammed Bouzoubaa, the Moroccan construction and public works company is also present in sub-Saharan Africa where it has two subsidiaries (Gabon and Ivory Coast). It employs 8,250 people. In May 2017, TGCC won, together with China Railway Construction Corp (CRCC), the construction of the highest tower in Africa in Rabat.
The consortium led by Mediterrania Capital Partners intends through this investment "to support the company's expansion plans based on growth trends in the construction sector in Morocco and sub-Saharan Africa which are expected to continue due to strong demand for residential and non-residential buildings coupled with increased government investment in infrastructure and energy," a statement said.
The investment in TGCC was made with its third fund, MC III.
Headquartered in Barcelona and Malta and specialising in private equity dedicated to growth transactions in African companies, Mediterrania Capital Partners also has offices in Abidjan, Algiers, Cairo and Casablanca.
Founded in 1991 by Mohammed Bouzoubaa, the Moroccan construction and public works company is also present in sub-Saharan Africa where it has two subsidiaries (Gabon and Ivory Coast). It employs 8,250 people. In May 2017, TGCC won, together with China Railway Construction Corp (CRCC), the construction of the highest tower in Africa in Rabat.
The consortium led by Mediterrania Capital Partners intends through this investment "to support the company's expansion plans based on growth trends in the construction sector in Morocco and sub-Saharan Africa which are expected to continue due to strong demand for residential and non-residential buildings coupled with increased government investment in infrastructure and energy," a statement said.
The investment in TGCC was made with its third fund, MC III.
Headquartered in Barcelona and Malta and specialising in private equity dedicated to growth transactions in African companies, Mediterrania Capital Partners also has offices in Abidjan, Algiers, Cairo and Casablanca.
