Main Capital strikes €100m target for first close of debut mezzanine fund


Main Capital Partners mezzanine investment arm has hit a €100m first close for its debut fund to reach the vehicle’s target.

The firm said Main Mezzanine Capital would use the fund to provide loans to companies in the ICT sector in the Benelux and DACH regions of Europe.

MMC said it would target businesses with revenues of at least €3m, providing loans of between €2m and €8m.

Managing partner Lars van‘t Hoenderdaal said, We are very pleased to have realized the first closing of our mezzanine fund.

“We experience a strong demand in the market for this type of financing, where on the one hand we support entrepreneurs in realizing their ambitions and on the other hand realize attractive returns for our investors.

“We experience strong deal flow and recently placed our first loan.”

Main Capital Partners has made 18 mezzanine loans to date on a deal-by-deal basis, for a total of €45m across growth, acquisition and buyout deals.

It has also sealed seven exits in the strategy, and continues to hold in its mezzanine portfolio businesses including KAIROS, OnGuard, DataManagement Professionals and Spotzer.

Late last year Main Capital comfortably beat its target for its fifth buyout fund by pulling in €236.5m.

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