Mezzanine Management invests €23.3m in Mogo Finance

The deal was made through MM's third fund, the €200m Austria-based Accession Mezzanine Capital III vehicle, and marks the GP's second investment in the Baltics following its backing of Lithuania's Freor.

Mogo will use the fresh capital to develop its operations in new markets across Central and Eastern Europe, where it currently has a presence in the Baltic region and Georgia.

Company
Headquartered in Riga, Mogo Finance provides non-bank car financing for consumers in the Baltic region and Georgia.

Its current loan portfolio amounts to €38m, financing 20,000 cars. The company employs 200 people.

People
Franz Hörhager is the founding partner of Mezzanine Management.

Advisors
Debt – Deloitte (Financial due diligence); Norton Rose Fulbright (Legal); Tark Grunte Sutkiene (Legal); Arendt & Medernach (Legal); DLA Piper (Legal).
Company – Porta Finance (Corporate finance); Eversheds Bitāns (Legal).

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• Topics
• CEE
• Expansion
• Mezzanine
• Latvia
• Unq2015July