AMC V SCA SICAV RAIF, advised by Accession Capital Partners (ACP), has provided financing to WISS Samochody Specjalne sp. z o.o. (“WISS”), a leading engineer and manufacturer of emergency vehicles, with production facilities in Poland, Germany, Czechia and Sweden.
Established in 1988 and still owned by its Founder Mr. Piotr Wawrzaszek and his family, WISS has become Poland’s leading producer of firefighting and other specialist emergency vehicles. The company’s success has supported its expansion into international markets, with the majority of its revenue generated outside Poland. WISS employs over 1,000 skilled workers. The funding from ACP will support WISS to meet growing domestic and international demand by increasing its production capacity and output.
Jakub Chechelski, Partner at ACP, said: “The WISS brand is recognized internationally for its reliability, innovation and superior customer service, with management leading it to a position of unique competitive advantage. We are excited to partner with the WISS team to support further growth of the business.”
Mariusz Rosa, CEO of WISS, said: “For over 30 years, WISS has been successfully providing specialist emergency vehicles for frontline workers in emergency services, as a family business. Our new partnership with ACP will support our ambitious growth plans, with their flexible capital and experience in backing mid-sized companies in Central Europe incredibly helpful for our journey.”
Accession Capital Partners (ACP), formerly known as Mezzanine Management, is investing from its fifth fund AMC V SCA SICAV-RAIF which launched last year.
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 €1.1bn in five dedicated growth capital funds. The funds are backed by reputable institutional investors, including the European Investment Fund, the European Bank for Reconstruction and Development, the Polish Development Fund, the International Finance Corporation 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 9019