PRINT THIS PAGE Europe's Mezzanine Management has first closing of Central European fund25/06/2002. Source: AltAssets. 
 Mezzanine Management, the European mezzanine and private equity firm, has announced a first closing of Accession Mezzanine Capital (AMC), the first mezzanine fund to focus exclusively on the Central European region, at E76m.
It has secured backing from a number of European and US institutional investors, including the European Bank for Reconstruction and Development (EBRD).
The fund will focus on management buy-out and development capital opportunities in the accession countries of Central Europe, specifically in countries such as Poland, Hungary, the Czech Republic, Slovenia and Slovakia, the most likely ‘next wave' EU entrants.
It will typically invest between E5m and E15m per transaction.
The firm was confident there were rich pickings to be had in the region.
‘There is little doubt that the countries we are targeting in central Europe are maturing quickly and the developing private equity market combined with positive economic and political developments make this an excellent opportunity to introduce mezzanine finance to the region,' said Franz Hoerhager, managing director of Mezzanine Management, Central Europe.
A number of other firms have also been pricking up their ears at opportunities in the accession countries. Dresdner Kleinwort Capital has established MBO/MBI clubs in a number of Central European countries in an attempt to source deal flow in the region and Innova Capital recently announced the successful first close of its Innova/3 fund at E110m.
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