Accession Capital Partners supports carve-out of Fomtech

AMC Capital IV SCSp, advised by Accession Capital Partners (ACP), has provided long-term capital to support the carve-out of Slovenian technical textile specialist Fomtech from its parent Fori Group. AMC IV will have a significant minority shareholding following the transaction, which is the first in Slovenia for ACP.

Fomtech is a leading Southeast European producer of branded technical textile products in the infrastructure cable and automotive industries and boasts a strong position in its niches of cable malfunctioning detection and seat comfort. The firm serves clients in nearly 60 countries across four continents from its manufacturing sites in Slovenia, Serbia and China.

Marko Mitrovic, Head of Western Balkans at ACP, said: “Fomtech has demonstrated strong performance and exceptional resilience throughout the cycle. We are excited to partner with Fomtech and the Forstner family as we help the independent technical textile business grow to the next level.”

Martin Forstner, Board Member of Fomtech, said: “We welcome the financial and strategic backing of ACP, whose experience will be helpful as we continue to develop our business. Their long-term and multi-purpose facility helps free up a core part of our Group and will allow Fomtech to reach its full potential.”