The European Bank for Reconstruction and Development (EBRD) is planning to invest in a new equity fund it calls Accession Mezzanine Capital III. The value of EBRD’s commitment to the fund has been set at EUR 350 million and will be focused on investments in mezzanine and equity financing products in mid-cap companies.
Investments will be primarily in Central European and Balkan countries. An additional EUR 50 million will be sought from other investors to realize the cap limit of EUR 400 million.
Accession Mezzanine Capital III
The Accession Mezzanine Capital III fund will be established as an English limited partnership and will be managed by Mezzanine Management Central Europe.
Mezzanine Management Central Europe presents this fund as a successor to its previous funds, Accession Mezzanine Capital I & II.
Management plans to use the same investment strategies and principles that made the previous two funds successful.
The Fund will be required to comply with EBRD’s Environmental Procedures for Private Equity Funds, including the bank’s Environmental Exclusion List. Compliance will also be required of outside investors, but not to the same degree. They will agree to meet national requirements for environment, health safety and social, local and EU environmental standards.
Mezzanine Management Finanz- und Unternehmensberatungs GmbH (www.mezzmanagement.com)
Mezzanine Management invests mezzanine capital both alongside and independently of private equity houses, providing capital to businesses for expansion/acquisitions, recapitalizations and buy-outs.
The Company typically invests between € 5 – € 15 million in deals with transaction values in the range of € 30 – € 200 million.
12/01/2009
Austria, Central & Eastern Europe, Financial Services, Fundraising, Private Equity News