Mezzanine Management Central Europe has won an initial €100 million ($132 million) for its second fund, which has a target of €200 million.
Investors in the new fund include the European Bank for Reconstruction and Development, Capital Bank, Raiffeisen Zentralbank and Foreign & Colonial. The fund will typically invest between €5 million and €15 million in each deal, and will invest in both sponsored deals, together with private equity funds, and expansion capital.
The firm started fund-raising in October 2006. The previous fund closed in 2003 on €115 million and has made two realisations so far – the Bulgarian Telecommunications Company and Polish bus manufacturer Solaris.
Mezzanine also plans to expand its presence into
Founded in 1988, Mezzanine Management has invested more than $1.4 billion (€1 billion) in 71 companies.