Mezzanine Management, Central Europe’s leading growth capital provider, has closed its fourth fund on €264m. The vehicle marks the largest ever raised by the firm in its 18- year history, and is the first to have sizeable commitments from local investors and Asian institutions.

AMC Capital IV will provide flexible growth capital as a combination of long-term debt and equity for established mid-market businesses in Central Europe, following the proven successful strategy of previous Mezzanine Management funds. The firm has backed 50 businesses since its inception, providing funding for a variety of uses, from growth capital to facilitate add-on acquisitions and geographic expansion to leverage to back sponsored buyouts.

The vehicle attracted commitments from 20 investors, with half the capital coming from new limited partners and is a third larger than its €200m predecessor Fund III. A fifth of the capital came from Central European investors, a new development for the region and testament to its development as a market converging with Western Europe. This included pension funds, insurance companies and a fund of funds. Fund IV is based in Luxembourg, had a target of €250m and held a first close last year.

AMC IV has already funded four deals, with ATM, Netrisk, Nettle and Optimapharm in the portfolio, and has established a promising pipeline. Fund IV is targeting a total of 15- 18 deals and will make initial investments of €10m to €30m per deal.

Franz Hoerhager, Founding Partner and CEO, Mezzanine Management, commented:

“We are thrilled to have closed our fourth vehicle ahead of target and with an increasingly diverse investor base. When I founded the business in 2000, I’d not have imagined we’d be raising substantial funds from local investors. It is excellent vindication of the region’s developments as well as our team’s commitment to building businesses to generate returns for our backers.”

Christian Stix, Head of Investor Relations, Mezzanine Management, added:

“We are pleased by the tremendous support of our existing investor base, which is a result of our disciplined strategy of delivering strong risk-adjusted returns. In addition, AMC IV received first-time support from Asia, which is testament to the allure of our exciting region for international investors and may facilitate additional outside commitments to Europe’s fastest-growing region.”

Mezzanine Management was advised by Paul Hastings London and DLA Piper Luxembourg.

For further information, please contact:

Christian Stix, Head of Investor Relations

tel.: +43 1 532 89 9019


About Mezzanine Management

Mezzanine Management is the exclusive advisor to the Accession Mezzanine Capital group of funds, whose total investments exceed €600m. Mezzanine Management has been operating in Central and Eastern Europe since 2001 through its offices in Vienna, Warsaw, Bucharest, Budapest and Prague. The funds’ investment portfolio is diverse with 50 transactions in over 12 countries in CEE. The funds are backed by reputable institutional investors, including the European Bank for Reconstruction and Development, the European Investment Fund and a number of banks, funds of funds, pension funds and insurance companies.