CEE - Syntaxis holds EUR 140m first close for second CEE mezz

In April, unquote" reported that Syntaxis had secured the European Bank for Reconstruction and Development (EBRD) as a cornerstone, committing up to EUR 50m.

Syntaxis held a final close of its first fund in December 2008 on just under EUR 120m against a EUR 125m target. The EBRD committed EUR 25m to that vehicle, with MassMutual Life Insurance Company, VCM, UniCredit and Themis Equity Partners also investing. It had held a first close in July 2007 and is now mostly invested.

Syntaxis provides mezzanine finance for expansion, restructurings, acquisitions and buyouts in CEE, with a focus on new EU member states. The firm particularly targets investments in Poland, the Czech Republic and Slovakia and typically invests between EUR 7.5-20m in each deal. The firm has offices in Vienna and Warsaw.

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• Topics
• Mezzanine
• CEE