AFRICA – Mediterrania Capital Partners (MCP), a private equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan countries, has appointed Hatim Ben Ahmed as its Managing Partner to oversee the firm’s mid-cap transactions across all regions of operations in Africa.
Based in Casablanca, Ben Ahmed was one of MCP’s founding partners in 2013 and since then he has been leading MCP’s North Africa and Sub-Saharan Africa investment teams, successfully executing several investment and divestment processes in various sectors including healthcare, transport and logistics, financial services, construction, retail and IT, and building up a strong track record.
He has shown an outstanding ability to generate value in Mediterrania’s portfolio companies using a proactive and hands-on approach.
Ben Ahmed’s strong commitment within Mediterrania Capital Partners have gained him the position of Managing Partner.
With more than 20 years of professional experience, he started his career as a financial auditor for Arthur Andersen in Paris and later joined Accuracy, a corporate finance advisory firm.
During his assignments he was involved in a wide range of financial processes including due diligence and company valuations, principally for large corporations in various industries working in Europe as well as India, the USA, Brazil and Australia.
Ben Ahmed entered Private Equity practice in 2008 with Fons Mediterrania Capital.
Today, he sits on the Boards of several portfolio companies managed by Mediterrania Capital Partners funds and is a member of the Investment Committee of Mediterrania Capital Partners.
Ben Ahmed is a GMP graduate from Harvard Business School (USA). He holds a Master of Sciences from ESTP Paris (France) and a Bachelor’s degree in Accounting and Finance (DESCF).
“Hatim Ben Ahmed’s appointment to the Managing Partner position is a natural evolution for him and our firm,” Albert Alsina, Mediterrania Capital Partners Founder and CEO, said.
“Hatim is an exceptional professional with the right skills, experience and passion to support and inspire the Mediterrania Capital Partners team towards our firm’s goals. We are excited to have him embark on this new opportunity in his professional career.”
In the beginning of last year Mediterrania Capital Partners sold its remaining stake in Cash Plus, an independent money transfer company in Morocco, to a group of Moroccan family offices.
The investment was aimed at supporting the company’s aggressive expansion plans and launching new products and services, significantly widening its portfolio and customer reach.
In July 2014, Mediterrania Capital Partners entered Cash Plus’s equity by acquiring a 49% stake and in May 2019, it sold part of its stake in Cash Plus to Groupe Richbond.
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