Accession Mezzanine Capital III L.P., advised by Mezzanine Management, recently completed a growth capital investment, with total commitment of EUR 7 million in a combination of equity and mezzanine debt, into Freor.
Freor is a Lithuania-based producer of commercial refrigeration equipment, its products are used predominantly in supermarkets. The company operates from offices in Lithuania, and subsidiaries in Belarus and Russia. Clients hail from the Baltics, eastern and western Europe.
The deal was driven by a shareholder restructure, and the fresh capital will be used to support the company’s development.