Mediterrania Capital Partners has successfully divested its stake in Grupo San José & López to Investec Asset Management after achieving significant growth in revenue and market presence in the logistics sector.

Target Company Overview

Mediterrania Capital Partners has divested its stake in Grupo San José & López (SJL), an international logistics and road freight transportation company operating in Morocco, Tunisia, and Algeria. Headquartered in Tangier, Morocco, and Oiartzun, Spain, SJL primarily focuses on road transport between Europe and Northern Africa. The group also offers logistics, warehousing, and domestic transportation services.

Since its entry into SJL in June 2013, Mediterrania Capital Partners, in collaboration with AfricInvest, a Tunis-based venture capital firm, acquired a minority stake in the company and later took full control. SJL has seen significant growth during this period, with annual revenues climbing from €85 million in 2013 to €117 million by December 2016, representing a 38% increase, while EBITDA tripled.

Industry Overview in Northern Africa

The logistics and transportation industry in North Africa has witnessed a transformation in recent years, driven by increased trade and the need for effici