Disinvestments

– Index –
Investments | Disinvestments

Date: 11/04/2017
Category: Disinvestments

MEDITERRANIA CAPITAL PARTNERS SELLS ITS PARTICIPATION IN GRUPO SAN JOSÉ & LÓPEZ.

Mediterrania Capital Partners, the venture capital firm managed by Riva y García, focuses on Growth projects for SMEs in North Africa and sub-Saharan Africa, announces its parting from Grupo San José & López (SJL), logistics and International road cargo Transportation Company with operations in Morocco, Tunisia and Algeria.

With its headquarters located in Tangier (Morocco) and Oiartzun (Spain), SJL’s main activity is road transportation between Europe and North Africa countries. The group also offers logistics, storage and national transportation services.

In June 2013, Mediterrania Capital Partners along with AfricInvest, a Tunisian-based venture capital firm, acquired a minority share in Grupo San José & López. Later, the two investment companies acquired the rest of the group. Both Venture Capital firms have sold their shares to Investec Asset Management Company, which now controls 100% of SJL.

Since Mediterrania Capital Partners entry and AfricInvest into SJL, annual revenues increased 38%, from €85 million in 2013 to €117 million (results at December 2016), while in the same period EBITDA multiplied by three.

During the management of Mediterrania Capital Partners and AfricInvest, the group consolidated its presence in Maghreb region, thanks to the development of its national and international road transportation and logistics services from SJL Morocco and a strong expansion towards new markets with the launch of SJL in Tunisia.

Hatim Ben Ahmed, Partner of Mediterrania Capital Partners, stated: “In 2013 we perceive the opportunity that SJL represented for the transportation sector in North Africa region. Three years later, we are very pleased to have worked together with SJL management team and AfricInvest and contributed to the development of a regional leader in the transportation and logistics sector”.

Albert Alsina, Founding Partner and CEO of Mediterrania Capital Partners, affirmed: “We are very pleased with the work done in SJL since our first investment in the group in June 2013. The sale of SLJ to Investec supports the company’s strategy regarding the products and services development, as well as geographical expansion”.

With more than 60 years of experience in the sector, Grupo San José & López is today a global company that serves large corporations. Managing 11 logistics platforms in Europe, Morocco and Tunisia, today, SJL carries out more than 20.000 trips per year between Europe and Morocco.

In this transaction, Allen & Overy have acted as legal advisors and Deloitte, as Deloitte financial advisors.

About Mediterrania Capital Partners 

Mediterrania Capital Partners is a private venture capital company, focused on growth investments in Africa, mainly SMEs. The company started operations in 2008 as “Fons Mediterrania Capital” and since 2013 is an independent partner structure.

With offices in Barcelona, ​​Casablanca, Tunisia, Algiers, Abidjan and Malta, Mediterrania Capital Partners has a practical approach in implementing the company growth strategy, leading the value creation process. Mediterrania Capital Partners is a regulated investment company, licensed by the Malta Financial Services Authority (MFSA).

Download (PDF 144Kb)
Share in social networks:

– Index –
Previous | Investments | Disinvestments | Next