Syntaxis Announces First Close of SMF II Fund

Almost a year after the final close of its first fund, European private equity firm Syntaxis Capital has announced the first close on its second fund, SMF II. At € 140 million, the close is more than half of the fund’s target value of € 250 million. Anchoring the fund was the European Bank for Reconstruction and Development, who also anchored the previous fund. Others contributing to SMF II include the European Investment Fund, unnamed limited partners from Fund I, and a handful of new investors.

Syntaxis Mezzanine Fund II
Like its predecessor, Syntaxis Mezzanine Fund II (SMF II) is designed to focus on EU member nations in Central Europe with junior capital investments in private, mid-market companies. The fund will seek to invest an average of € 7.5 million to € 20 million in growing companies, holding the entire mezzanine amount through to full exit. Acquisitions, expansions, buy-outs, and capitalisations will all be considered as possible SMF II opportunities.

Syntaxis Capital (www.syntaxis-capital.com)
Syntaxis Capital bills itself as a traditional mezzanine investor and independent junior capital advisor, actively working with mid-market companies in Central Europe. Syntaxis work in partnership with private equity-sponsored investments to provide the needed capital for growth and expansion. The company was founded in 2006 by partners Ben Edwards, Przemek Szczepanski and Thomas Spring. SMF I, Syntaxis’s first fund, was established in 2007 and is now fully invested.