Paine & Partners buys Spearhead International

The deal was supported by a €30m financing package from CEE-focused debt provider Mezzanine Management, through its €200m Accession Mezzanine Capital III vehicle.

Spearhead is Paine & Partners' first foray into the CEE region and the fourth European investment for the GP's fourth vehicle, the $893m Paine & Partners Fund IV.

For Mezzanine Management, the financing follows hot on the heels of the GP's €23.3m mezzanine investment in Latvian car-financing provider Mogo Finance in mid-June.

Company
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, Slovakia and the UK, producing grains and oilseeds, potatoes and vegetables, sugar beet, seed crops, milk and livestock.

People
The head of Mezzanine Management's Warsaw office, Przemyslaw Glebocki, was responsible for the deal. William Dexter Paine is the chairperson and CEO of Paine & Partners.

Advisers
Equity – Freshfields (Legal).
Debt – Norton Rose (Legal).

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• Topics
• CEE
• Buyouts
• Consumer
• Mezzanine
• Paine & Partners
• United Kingdom
• Unq2015July