Proud signatories of the UN’s Six Principles for Responsible Investment
We back growing mid-market businesses in Central Europe
Accession Capital Partners (ACP) has evolved into a one-stop-shop for growth capital to mid-market businesses in Central Europe since our foundation in 2000. We have successfully invested close to EUR 800m across four funds, helping 57 businesses grow – organically and through acquisition; domestically and abroad.
We started out providing mezzanine finance alongside financial sponsors. The region has grown a lot since then, and so have we: today we provide all types of funding depending on what best suits a particular business at a specific point in its development. Nowadays half of our deals are done alongside a financial sponsor; the other half sees us providing a single-institution solution to growing businesses.
While a lot has changed in 20 years, a lot has stayed the same – namely our relationship-based approach. Being first-to-market means we have the experience to truly understand the markets which has made us a ‘preferred partner’ for regional financial sponsors and advisory firms.
An experienced, stable and motivated team of seasoned investment specialists
Our team comprises eighteen investment professionals across five regional offices. The team has developed unrivalled business and financial networks across the region, enabling a wide ranging proprietary deal flow for our clients as well as coverage of the spectrum of commercial and financial activity in the region.
Founding Partner & ChairmanVienna
Managing Partner, CIOWarsaw
Chris holds a Bachelor degree in banking & finance from Loughborough University and a diploma in Marketing from the Chartered Institute of Marketing (UK).
Partner, CROVienna / Prague
Before joining Accession Capital Partners, Claudiu worked as Senior Manager in the corporate finance department of KPMG Romania focusing on strategy formation, M&A and business valuations. Prior to that Claudiu was in the Business Advisory Department and in the Financial Services Audit Department of KPMG.
Claudiu holds a Masters Degree in Management of Banking Systems from the Academy of Economic Studies, Faculty of Banks and Finances, Bucharest and is a Chartered Accountant.
Partner, Head of RomaniaBucharest
Since joining Accession Capital Partners in 2008, Piotr participated and has been responsible for investments in a Polish road maintenance company, IT equipment distributor, telecommunication company in Bulgaria, international capital goods producer, Poland’s leading car leasing company, consumer finance businesses in the region and commercial cooling equipment producer. Piotr started his career at Ernst & Young Poland.
Piotr graduated from the faculty of Quantitative Methods and Information Systems at the Warsaw School of Economics. He also pursued a study program at the Stockholm School of Economics.
Partner, Head of Baltic RegionWarsaw
Before joining Accession Capital Partners in 2010, Christian worked as Associate at M Cap Finance, a Frankfurt-based mid-market mezzanine fund. His key responsibilities included assessment of deals, financial modelling, due diligence and structuring of transactions. Christian started his career at Unicredit’s Markets and Investment Banking division focusing on transactions in Austria and CEE.
Christian holds a Masters Degree from the University of Economics and Business Administration in Vienna.
Partner, Head of Investor RelationsVienna
Jakub joined Accession Capital Partners from Bridgepoint, a leading European mid-cap fund where he spent over 6 years, covering the CEE region and working on a variety of projects. Prior to that he worked at Enterprise Investors, a leading CEE-focused fund. His sector experience is particularly strong in the consumer as well as business services space.
Prior to his first role in private equity, Jakub worked for Ernst & Young Corporate Finance.
Jakub graduated from faculty of Finance and Banking at the Warsaw School of Economics.
Before joining ACP in 2019, Marko focused on restructurings and special situations, working in most countries of Central and Southeast Europe as well as in the United States, most recently at the European Bank for Reconstruction and Development. During his career, Marko also served as CEO and CFO in companies with EUR 50-200 million in revenues.
A graduate of City University, Marko has written a book about restructuring and is a member of the International Insolvency Institute.
Before re-joining ACP in 2020 Laszlo started his own SME-focused business support venture. During his earlier tenure at ACP, he looked after transactions in Hungary and in the Western Balkan. Laszlo sources investment opportunities in Hungary. He is a passionate volunteer of good causes.
Laszlo has obtained a MBA degree from the US. Besides the Weatherhead School of Management Laszlo attended INSEAD’s and CEU’s Business Administration master programs.
Cristian has more than twelve years of experience in corporate finance and audit in CEE. Prior to joining Accession Capital Partners, Cristian worked in the financial advisory team of Deloitte Romania between 2005 and 2010, specialising in due diligence, business valuation and debt advisory. Previously he spent three years with KPMG Audit in Bucharest.
Cristian holds a Bachelor degree in banking & finance from Bucharest University of Economics. Between 2006 and 2012 he was a member of the Association of Chartered Certified Accountants (UK) and also pursued a study program at the American Society of Appraisers (US).
Dmytro is a graduate of Lviv Polytechnical University with a Master’s degree in Management.
Karol holds a Masters degree from the University of Economics in Poznan, Bachelor with Honours degree from the Abertay University and pursued study programs at the Harvard University.
Prior to joining Accession Capital Partners on a permanent basis he successfully completed a professional internship at the firm’s Warsaw office. He is responsible for the analysis and screening of potential investment opportunities, as well as for devising business strategies to support portfolio companies in achieving their performance objectives.
Artur holds a Bachelor of Business Administration degree from the Schulich School of Business in Toronto, and a Master of Finance degree from the Lviv Polytechnic National University.
Between 2014 and 2019, Paul worked as a senior reporting manager at a private equity fund administrator across the Channel Islands, Luxembourg and Sweden, managing client reporting requirements as well as being responsible for technical accounting matters and quality control.
Prior to 2014, Paul worked in Financial Services Audit in Guernsey for Ernst & Young for six years.
Paul is a Certified Charted Accountant (FCCA) and holds a Physics degree from the University of Leicester.
Chief Financial Officer Vienna
Before joining Accession Capital Partners George was director with KPMG Romania in the Deal Advisory department, coordinating the M&A and valuation practices.
George holds a Bachelor degree in accounting from Bucharest University of Economics. He is a member of the Association of Chartered Certified Accountants (UK) and the National Association of Authorized Appraisers in Romania.
Ferenc studied at Vienna University of Economics and Business and Corvinus University of Budapest and holds Master degrees in International Management (CEMS) and Finance as well as a Bachelor degree in Business and Management.
Head of ESGVienna
Accession Capital Partners is a pioneering, independent investment advisory firm, with a focus on Central Europe. Funds we advise provide tailored financing solutions to established mid-market businesses and small and medium enterprises. Accession Capital Partners helped to create and now advises four successful mezzanine funds: Accession Mezzanine Capital I, II, III & IV.
Central Europe – Europe’s fastest growing region
During our 20 years of investing experience in the region, our Group has become the regional leader in Alternative Financing. With 5 country offices, the breadth of our coverage is our forte.
Accession Capital Partners sp.z o.o
Zlota 59, 00-120 Warsaw, Poland
Tel: +48 22 654 6415
Fax: +48 22 654 6415
Accession Capital Partners s.r.o.
ArchiHUB, Puskinovo namesti 681|3, 160 00 Prague 6 - Bubenec, Czech Republic
Tel: +420 605 737052
Fax: +43 1 532 899020
Accession Capital Partners GmbH
Kohlmarkt 5/6, 1010 Vienna, Austria
Tel: +43 1 532 8990
Fax: +43 1 532 899020
Accession Capital Partners Hungary
Károly körút 5/a, 1075 Budapest, Hungary
Tel: +36 (30) 303 6781
Fax: +36 1 475 1111
Accession Capital Partners Romania
40 Pictor Barbu Iscovescu Street, second fl. 011938 Bucharest 1st district, Romania
Tel: +40 21 230 3219
Fax: +40 21 230 3226
A convergence play
We advised on mezzanine and associated private equity investments in countries which acceded to the European Union in 2004 and 2007, and we have a regional presence in Central and Eastern Europe for over 20 years.
Reasons for growth finance in Central Europe
Three equally important factors qualify the need for growth finance in Central Europe:
- Improved macroeconomic, regulatory, and legal framework in Central Europe which allows for strong growth, even in a difficult global market environment
- The region is underserved by traditional lenders, as Basel III regulations have had a negative effect on bank preparedness to lend generally, and to mid-caps in particular, therefore opening space for alternative capital providers
- A funding gap resulting from a limited number of dedicated non-bank providers of non-equity term finance for growing companies
Response to the scarcity of classical funds
Investments are well differentiated across sectors within the region. Anticipating the growing opportunity for high-grade investments along with regional convergence, the credibility and demand for private debt will correlate in growth. This will occur – particularly as other sources of financing temporarily withdraw from the market or contract as a result of the financial crisis – and as the availability of increasingly attractive pricing is realised from an improved risk/return profile.
Doing business in a fragmented region comprising numerous countries, languages, legislations, economic frameworks and currencies such as Central Europe, requires the utmost dedication and expertise. The cumulated experience of our team provides for a structured business approach, and a long-term growth perspective.