Accession Capital Partners launches Fund V
Accession Capital Partners (ACP) has launched its fifth fund with c. €150 million of commitments. AMC V SCA SICAV-RAIF (AMC V) is targeting €300 million to invest in established mid-market businesses in Central Europe seeking capital for
expansion, succession, and buy-outs.
January 31, 2023
Accession Capital Partners (ACP) has launched its fifth fund with c. €150 million of commitments. AMC V SCA SICAV-RAIF (AMC V) is targeting €300 million to invest in established mid-market businesses in Central Europe seeking capital for
expansion, succession, and buy-outs.
AMC V will follow the proven and successful strategy of previous ACP-advised funds to provide flexible growth capital as a combination of long-term secured debt and equity.
The vehicle follows AMC IV, which closed on €264 million in December 2018 and was the firm’s first to have secured sizeable commitments from both investors in Central Europe and Asian institutions.
Fund V attracted a strong level of interest from existing investors in AMC funds, including the European Investment Fund, as well as new backers drawn to the firm’s strong track record: 10 full or partial exits were achieved in the last three years, generating an average of 2.0x MM for the four businesses which were divested from AMC IV. Fund V’s investor base is comprised of IFIs, funds of funds, insurance companies, pension funds, banks and family offices and includes a number of local investors in Central Europe as well as from Europe, the US and Asia.
ACP’s target region of EU and NATO member states in Central Europe boasts strong macroeconomic fundamentals as well as a competitive and highly skilled workforce, yet remains underfunded in terms of private equity and private debt investments, opening up exciting opportunities for local capital providers. Franz Hörhager, ACP Chairman and Founding Partner commented: “We are grateful for the ongoing support of our existing investor base as well as the trust of our new partners. To secure strong commitments in an uncertain backdrop is a testament to our 20+ year track record and the strength of our core region, which has outperformed the Eurozone not only in good economic times but also during the difficult GFC and pandemic periods.”
Accession Capital Partners (ACP), formerly known as Mezzanine Management, is the pioneer of private debt and structured growth capital in Central Europe, focusing on the European Union’s fastest growing region. ACP has been operating in Central and Eastern Europe since 2000 through its offices in Vienna, Warsaw, Bucharest, Budapest and Prague. To date, the group has raised commitments of more than €1bn in five dedicated funds. The funds are backed by reputable institutional investors, including the European Investment Fund, the European Bank for Reconstruction and Development and a number of banks, funds of funds, pension funds and insurance companies from Europe, the US and Asia.
https://realdeals.eu.com/article/accession-capital-partners-launches-fund-v