Global growth markets investor The Abraaj Group has acquired a minority stake in Algeria-based baby diaper and feminine sanitary pad manufacturer and distributor Cellulose Processing (CEPRO) from North Africa-focused private equity firm Mediterrania Capital Partners. The transaction, which represents a full exit for Mediterrania, was structured through Abraaj’s Abraaj North Africa Fund II and Mediterrania’s Fons Mediterrania Capital. Abraaj intends to work with CEPRO to increase the company’s production capacity and efficiency, diversify its product offering, enhance marketing efforts and expand its network in Algeria and Sub-Saharan Africa. Financial details of the transaction were not disclosed.