Mediterra Capital Partners Invests in a Turkish Fleet Telematics Service Provider (CEE and CIS)

Source: Mediterra Capital Partners

Mediterra Capital Management, a Turkey-based private equity fund manager, has invested in fleet telematics service provider Mobiliz and its 100 percent subsidiary Filoturk. Mobiliz’s fleet telematics services allow Turkish companies to monitor and manage their drivers, vehicles and operations. The investment came from Mediterra Capital Partners I, which held a second close at EUR135 million (approximately US$172 million) in September 2012. The fund is targeting EUR165 million (approximately US$210 million) in total capital commitments. Financial details of the deal were not disclosed.