Mediterrania Capital Partners invests in AFG Assurances

Mediterrania Capital Partners, a Malta-based private equity firm, has signed an agreement with Atlantic Group to acquire a stake in its subsidiary, AFG Assurances.

This investment will enable AFG Assurances to double its African network by establishing seven new companies, particularly in French-speaking Africa, in addition to the seven existing ones in West Africa, Central Africa, and the Indian Ocean region.

Founded in 1978 by the Ivorian businessman Koné Dossongui, Atlantic Group is a private pan-African holding company specializing in several business sectors.