Mezzanine Management advises on investment in Spearhead International

Accession Mezzanine Capital III L.P., advised by Mezzanine Management, recently supported US food and agriculture specialist GP Paine & Partners in acquiring Spearhead International through a EUR 30 million financing package.

Spearhead International is a farming group headquartered in Cambridge, England, but with the majority of its operations in Central and Eastern Europe.

The company has 85,000 hectares of farming operations across Poland, Czech Republic, Romania, Slova- kia and the UK, producing grains and oilseeds, potatoes and vegetables, sugar beet, seed crops, milk and livestock.

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Mezzanine Management advises on investment in Latvia-based Mogo Finance (CEE and CIS)

Accession Mezzanine Capital III L.P., advised by Mezzanine Management, recently completed a growth capital investment, with total commitment of EUR 23.3 million in mezzanine debt, into Mogo Finance, a leading non-bank car financing firm in the wider Central and Eastern European region.

Headquartered in Riga, Mogo Finance provides non-bank car financing for consumers in the Baltic region and Georgia and employs 200 people. Its current loan portfolio amounts to €38m, financing 20,000 cars. The firm presently has operations in Latvia, Lithuania, Estonia and Georgia and will use the new funds to develop the company’s operations in existing markets and other countries within the Central and Eastern European region.

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Mezzanine Management advises on investment in Freor – the first Lithuanian PE deal since euro adoption

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.

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AMC III Invests PLN 50 million in Private Equity Managers S.A.

Accession Mezzanine Capital III L.P., advised by Mezzanine Management, has bought 8.33% of shares in the third part of the pre-IPO of Private Equity Managers S.A.), the parent company of a group of entities managing alternative private equity assets. It will also purchase the company’s convertible bonds. The overall value of the investment into PEManagers will amount to PLN 50 million. The transaction has been completed on the basis of the company’s equity valuation of PLN 340 million. MCI Management is planning to hold the company’s IPO in the first quarter of 2015.

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