Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan countries, has sold its remaining stake in Cash Plus, the largest independent money transfer company in Morocco, to a group of Moroccan family offices. In May 2019, Mediterrania Capital Partners sold part of its stake in Cash Plus to Groupe Richbond. In July 2014, Mediterrania Capital Partners entered Cash Plus’s equity by acquiring a 49% stake. Cash Plus’s extremely talented management team embraced the change and took the company to its next level of growth while setting the right foundations for sustainable development.”Nabil Amar, Cash Plus’s Deputy CEO, said: “The entry of Mediterrania Capital Partners in 2014 was an enormous push to Cash Plus. Thanks to Mediterrania, Cash Plus is nowadays a stronger company with a long-term vision and a very promising future.”

Source: The North Africa Journal January 28, 2021 02:03 UTC