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According to the Bank’s website, the proposed project consists of an equity investment of up to €40 million in AMC VI SCA SICAV-RAIF (AMC VI or the Fund). AMC VI is a closed-end structured equity fund targeting debt / mezzanine and equity investments to mid-market companies across Central and Eastern Europe (CEE).
The Fund will address the financing gap in Central and Southeast Europe by providing an alternative source of finance and value creation to mid-market companies across diverse sectors, including companies that are women-owned or led. The Fund seeks to provide structured capital, combining debt and equity finance, to growth-stage enterprises to help them scale up innovative businesses. Beyond the project, the Fund's successful deployment will also strengthen the private credit market in Central and Southeast Europe. This will, in turn, encourage other fund managers to raise new or follow-on structured capital funds in these regions.
AMC VI will provide debt / mezzanine and equity investments to mid-market companies across CEE, targeting sectors including healthcare, contract services, manufacturing, fast-moving consumer goods (FMCG), and technology/media/telecommunications (TMT) and related services.
The Project’s main risks and impacts are associated with the Fund’s capacity to implement effective procedures to assess, manage, and monitor E&S risks across a diversified pipeline where investee E&S maturity may vary. Key portfolio-driven E&S risks are expected to include: (i) labor and working conditions and occupational health and safety risks typical for mid-market growth companies; (ii) community health and safety and product/service quality risks, particularly for healthcare and consumer-facing businesses; (iii) environmental compliance and liability risks in manufacturing and FMCG; and (iv) governance-related contextual risks in parts of the region.
Given the Fund’s strategy and expected portfolio risk profile (primarily Category B/C lower mid-market investments across multiple CEE jurisdictions and sectors), the Project is categorized as FI-2 in accordance with the 2012 IFC Sustainability Policy.
IFC's Investment as Approved by the Board: Equity 45.44 million (USD)
The Fund is managed by AMC VI GP SARL (GP), based in the Grand Duchy of Luxembourg. The Fund is in turn advised by Accession Capital Partners GmbH (ACP or the Fund Manager), headquartered in Vienna with regional offices in Warsaw, Prague, Budapest, Bucharest and Sofia.
For Inquiries About the Project, Contact:
AMC VI GP SARL
Christian Stix
Partner - Investor Relations
stix@acp-group.eu
15, Boulevard F.W. Raiffeisen, L - 2411 Luxembourg, Grand Duchy of Luxembourg
https://acp-group.eu/
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