Mediterrania Capital Partners, a regional private equity firm focusing on growth investments for SMEs in North Africa and sub-Saharan countries, has acquired a 43 per cent stake in Cieptal Cars.

Founded in 2006, Cieptal Cars specialises in the long-term car rental business and is the current market leader in Algeria, with a fleet of 761 cars. MCP’s investment will allow Cieptal to increase its car and truck fleet in order to pursue the company’s expansion plans and leverage its competitive advantage.

MCP continues to search for growth opportunities in the Maghreb region – Morocco, Algeria, and Tunisia – looking for companies with an equity value of €25 million to €400 million and expansion strategies into North Africa and sub-Saharan African markets.

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