The European Bank for Reconstruction and Development (EBRD) is investing up to €50m in a new investment fund, Accession Mezzanine Capital III L.P (AMC).
The fund, which is raised by Mezzanine Management Central Europe Limited (MMCE), will focus on supporting private equity-backed acquisitions with mezzanine capital, as well as providing additional financing to enterprises with a proven business model and sustainable cash flows, helping them to pursue further growth.
AMC III aims to raise €300m and has received aggregated commitments of €130m at its first closing.
It will target investments in mid-cap manufacturing companies and service providers, operating in central and eastern Europe and a portion of the resources will be dedicated to enterprises in Ukraine, Russia and Turkey.
The EBRD has already participated as an investor in Accession Mezzanine Capital I and II funds, which have made 27 investments worth over €320m.