AMC III, advised by Mezzanine Management has sold its significant minority stake in MBL Group, a leading European manufacturer of medical mobility devices it has backed for nearly four years, in a sale to INVL Baltic Sea Growth Fund. This is the seventh successful exit for Mezzanine Management’s AMC Funds in the last 12 months. The transaction generates a strong IRR and money multiple for investors following a partnership which saw profits more than double as the business grew.
AMC III provided a €15 million combined debt and equity package in October 2016 to support the company’s continued growth. During the four-year partnership, the capital was used for geographic expansion across Eastern Europe, as well as new product development, with new complementary products launched and the firm now boasting more than 60 registered patents.