Dentons advised Mediterrania Capital Partners on the acquisition, through its third fund (MC III) alongside DEG, Proparco and South Suez, of a stake in Travaux Généraux de Construction de Casablanca (TGCC) for an amount of €55 million. The investment is aimed at supporting the company’s expansion plans based on the growth trends in the construction sector in Morocco and Sub-Saharan Africa.

Mediterrania Capital Partners started its operations in 2008 under Fons Mediterrania Capital, and since 2013 has been an independent General Partner Structure. In addition to its headquarters in Malta, Mediterrania Capital Partners has offices in Abidjan, Algiers, Casablanca and Cairo. Mediterrania Capital Partners, a private equity firm, focuses on growth investments for SMEs in North Africa and Sub-Saharan Africa.

Founded in 1991 TGCC operates in both Morocco and Sub-Saharan Africa through its subsidiaries in Gabon and Cote d’Ivoire. TGCC has grown to become the national leader in the construction industry in Morocco accounting for large projects that span several activity sectors including residential, hospitality, commercial, industrial, administrative and infrastructure.

The team in Dentons Casablanca was led by Patrick Larrivé, Managing Partner; Mouna Boubia, Of Counsel; Zineb Tayaa, Senior Associate; Mbarka Oubarka, Associate; Mouna Lahmamssi, Associate, and Yassine Bekkouri, Associate.