Accession Capital Partners (ACP) is delighted to announce it has opened a new office in Luxembourg. Accession Capital Partners (Luxembourg) S.à r.l. launched officially on 1 June and the office will be run by Iain Smith, who has recently joined ACP from local administration firm Aztec Group. Iain will serve as Finance Director and brings with him over ten years of relevant experience acquired in Luxembourg and the UK.
The news is the latest in a string of announcements highlighting the success of the 26-strong team, with Jakub Chechelski, Marko Mitrovic and Paul Moss recently made Partner. In December 2022, ACP announced a first close for AMC V on half its €300m target, with investors attracted to a strong track record of 11 full or partial exits achieved in the last three years. The latest was an early exit from Akomex, the exceptional performance of which saw revenues grow by 70% and EBITDA nearly double since AMC IV’s 2020 investment.
ACP’s new administration office will further enhance ACP’s client servicing in the areas of domiciliation, corporate secretary, accounting, and treasury services. ACP will also continue to work with select third party service providers in Luxembourg.
Paul Moss, Chief Financial Officer at ACP, said: “This new office is a testament to our commitment to Luxembourg as a jurisdiction for our investment strategies. The successful first close of our latest funds, ACP V and ACP Credit, further highlights our ongoing commitment to supporting businesses with flexible funding in our core region of Central Europe.”
Accession Capital Partners (ACP), formerly known as Mezzanine Management, is investing from AMC V SCA SICAV-RAIF, which launched earlier this year with commitments of over 60% of its €300 million target and remains open to accept new investors.
ACP has been operating in Central since 2000 through its offices in Vienna, Warsaw, Bucharest, Luxembourg, Budapest and Prague. To date, the group has raised commitments of more than €1bn 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, 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 9010