AMC V SCA SICAV-RAIF, advised by Accession Capital Partners (ACP), has partnered with INVENIO Partners, a Southeast Europe-focused private equity firm, to jointly acquire a majority stake in 5 to go, the largest coffee shop chain in Southeast Europe. The stake is being acquired from existing shareholders including Mozaik Management and the founders, who retain a significant minority position and remain actively involved in operational and daily leadership. The transaction sees ACP invest equity and mezzanine and is its fifth deal of 2024.
5 to go operates 600 sites across its key markets, with the recent investment earmarked for further international expansion in Southeast Europe and other countries with significant Romanian communities given its strong brand recognition. The firm will also solidify its Romanian presence, where its franchisees operate in over 130 cities.
Marko Mitrovic, Partner at ACP, said: “Over the last decade, the team at 5 to go have illustrated the impressive potential of Romanian and, more broadly, Central European entrepreneurship. We are delighted to be a part of its ongoing international growth, which can inspire a generation of franchisees as it goes from strength to strength”.
Elvin Guri, CEO of INVENIO Partners, remarked, “With invaluable support from Mozaik and the founders, the team have built a Romanian contemporary retail icon. We are excited at the prospect of supporting them in the vision of making 5 to go a European coffee chain leader”.
Radu Savopol, co-founder of 5 to go, said: “The collaboration with INVENIO and ACP is more than a financial partnership. We share a common vision of growth and sustainability, which gives us confidence that together we will reach new heights”.
Law firms Dentons and Schoenherr acted as legal advisers to INVENIO Partners and ACP Partners, while the financial and tax advisory and review work was performed by KPMG Romania. The deal is subject to regulatory approval and is expected to close in Q1 2025.
Accession Capital Partners
Accession Capital Partners (ACP) is investing from its fifth fund AMC V SCA SICAV-RAIF which 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, Head of Investor Relations
tel.: +43 1 532 89 9019
INVENIO Partners
Invenio Partners manages two private equity and growth equity funds, including the INVENIO Partners Fund II SCSP focused on investments in South East Europe. INVENIO Partners is experienced in promoting and supporting companies to realize their full potential and improve their performance by providing growth capital, strategic guidance, and operational support to strong management teams.
INVENIO discovers companies with a strong track record and potential for regional industry leadership, competitive business models and an experienced management team. The Fund is backed by the European Investment Fund as lead investor, alongside several respected institutional investors including, among others, two of Bulgaria’s leading pension fund managers.