AMC Capital IV SCSp, advised by Accession Capital Partners (ACP), has provided mezzanine and equity capital to Exact Systems Group, a pan-European testing, inspection and certification business. AMC IV will have a 25% shareholding in the business following the transaction.
Founded nearly 20 years ago, Exact Systems has become Europe’s leading provider of quality control services to complex industries, including automotive and consumables. The firm’s offering is mission-critical for complex just-in-time processes, with the firm supporting over 900 plants for more than 100 OEM, Tier 1 and Tier 2 suppliers. Exact Systems’ success has seen it expand into 12 countries, and today it derives most of its revenues from international sales.
Jakub Chechelski, Partner at ACP, said: “Having tracked the business for several years, we have strong conviction in its prospects owing to robust market drivers as well as an incredibly capable and ambitious leadership team. Seeing their exceptional growth from a standing start in Poland to a market leader throughout Europe, we are excited to partner for the next part of their journey.”
Pawel Gos and Leslaw Walaszczyk, Board Members of Exact, said: “We are excited to welcome ACP as a shareholder. We were attracted to their flexible funding solution and the team’s understanding of our ambitions. Their experience in building businesses will be very valuable as we continue to grow.”
Accession Capital Partners (ACP), formerly known as Mezzanine Management, is investing from AMC Capital IV SCSp, which raised €264 million in 2018. ACP’s subsequent fund AMC V SCA SICAV-RAIF launched earlier this year with commitments of over 50% of its €300 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.
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Christian Stix, Head of Investor Relations
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