Accession Capital Partners (ACP) has launched its fifth fund with c. €150 million
of commitments. AMC V SCA SICAV-RAIF (AMC V) is targeting €300 million to
invest in established mid-market businesses in Central Europe seeking capital for
expansion, succession, and buy-outs.
AMC V will follow the proven and successful strategy of previous ACP-advised
funds to provide flexible growth capital as a combination of long-term secured debt
The vehicle follows AMC IV, which closed on €264 million in December 2018 and
was the firm’s first to have secured sizeable commitments from both investors in
Central Europe and Asian institutions.
Fund V attracted a strong level of interest from existing investors in AMC funds,
including the European Investment Fund, as well as new backers drawn to the
firm’s strong track record: 10 full or partial exits were achieved in the last three
years, generating an average of 2.0x MM for the four businesses which were
divested from AMC IV. Fund V’s investor base is comprised of IFIs, funds of funds,
insurance companies, pension funds, banks and family offices and includes a
number of local investors in Central Europe as well as from Europe, the US and
ACP’s target region of EU and NATO member states in Central Europe boasts
strong macroeconomic fundamentals as well as a competitive and highly skilled
workforce, yet remains underfunded in terms of private equity and private debt
investments, opening up exciting opportunities for local capital providers.
Franz Hörhager, ACP Chairman and Founding Partner commented: “We are
grateful for the ongoing support of our existing investor base as well as the trust of
our new partners. To secure strong commitments in an uncertain backdrop is a
testament to our 20+ year track record and the strength of our core region, which
has outperformed the Eurozone not only in good economic times but also during
the difficult GFC and pandemic periods.”
Accession Capital Partners (ACP), formerly known as Mezzanine
Management, is the pioneer of private debt and structured growth capital in
Central Europe, focusing on the European Union’s fastest growing region.
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 funds. The funds are
backed by reputable institutional investors, including the European Investment
Fund, 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.