AMC V SCA SICAV-RAIF, advised by Accession Capital Partners (ACP), has partnered with Alfi PE, a Slovenia-based private equity firm, to wholly acquire Vemo Trade d.o.o., a regional leader in paper bag production based in Koprivnica, Croatia.
Established in 1995, Vemo serves a number of clients in the retail, food and beverage, pharmaceutical, marketing, and delivery service industries. The company exports 98% of its production, primarily to Western European countries. Vemo is also a leader in implementing environmental standards, with its own solar power plant expected to make the business fully self-sufficient by the end of this year, and additional systems to manage water, wastewater, and waste in accordance with the best practices in the sector.
Marko Mitrovic, Head of Western Balkans at ACP, said: “We have been particularly impressed by Vemo’s operational excellence and focus on service, and look forward to working with Alfi PE on accelerating Vemo’s growth further.”
Tone Pekolj, a Partner at Alfi PE, said: “We are pleased to partner with ACP on the Vemo investment. We strongly believe in the company’s long-term potential and value its competitiveness, positioning and robust ESG characteristics.”
Accession Capital Partners (ACP), formerly known as Mezzanine Management, is investing from its fifth fund AMC V SCA SICAV-RAIF which launched earlier this year. AMC V now has commitments of over 70% of its €350 million target and remains open to accept new investors.
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 €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 9019