Accession Capital Partners backs fast-growing eFaktor
AMC V SCA SICAV RAIF, advised by Accession Capital Partners (ACP), has provided funding to eFaktor and Finea, specialist providers of factoring services for SMEs. The flexible funding package comprises a warranted mezzanine loan to support eFaktor’s business as well as an equity investment to strengthen the capital base and fund limited buy-back of shares in the business from the founders.
The deal is ACP’s third of the year and follows on from the successful close of ACP V ahead of target on €336 million earlier this month. eFaktor is a fast growing independent Polish company that provides factoring services for SMEs including traditional, reverse, and mix factoring solutions.
eFaktor has grown impressively since its establishment in 2015 and today finances c. PLN 1 billion of invoices annually. Its diversified customer base has been built up through its strong distribution channels leveraging brokers, partners and internal sources, while its robust risk management framework helps it to maintain a low default rate and ensure portfolio quality. eFaktor currently employs a team of approximately 40 experienced professionals.
The funding is earmarked for scaling the fast-growing and profitable business further. Piotr Gąsiorowski, President of the Management Board of eFaktor, said, “eFaktor was created in the belief that every entrepreneur deserves help and support to obtain the funding they need. We are delighted to have partnered with an experienced backer to help us support even more growing businesses with managing their financial liquidity as they grow. ACP’s background in providing growth funding aligns with our own mission and we are confident they will help us to achieve our goals.”
Piotr Sadowski, Partner at ACP, said, “The team at eFaktor are offering a dynamic financial instrument to a growing number of SMEs in Poland. Our appreciation for the importance of financial efficiency in building ambitious businesses means we understand the critical impact factoring can have, and we are happy to support eFaktor’s growth in the coming years.”
The parties were advised in the transaction by Norton Rose Fulbright, GESSEL and KPMG.
Accession Capital Partners
Accession Capital Partners (ACP) is investing from its fifth fund AMC V SCA SICAV-RAIF which launched last year and closed at €336m in June 2024. 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 €1.2bn in five dedicated growth capital funds. The funds are backed by reputable institutional investors, including the European Investment Fund, the International Finance Corporation, the European Bank for
Reconstruction and Development and a number of banks, family offices, funds of funds, pension funds and insurance companies from Europe, the US and Asia.
For further information, please contact:
Christian Stix, Partner and Head of Investor Relations
tel.: +43 1 532 89 9019
www.acp-group.eu