Slovenia: Schoenherr advises AMC IV and Accession Capital Partners on mezzanine financing and equity investment into textile division of Fori group
Schoenherr advised AMC Capital IV SCSp, a private-equity (mezzanine) fund (AMC), and Accession Capital Partners (ACP) on mezzanine financing and an investment into Fori group's textile division by AMC. Closing occurred on 5 January 2023.
The transaction involved among other things an LMA-based mezzanine facilities agreement, the underlying security package (including standard guarantees and security), and the acquisition of a significant minority stake in the Fori group's textile division by the respective fund. The investment facilitated the restructuring of the Fori group's existing debt of approximately EUR 25m. The transaction marks the first investment in Slovenia by an ACP-advised fund.
Accession Capital Partners is a leading CEE provider of tailored financing solutions to established mid-market businesses and small and medium enterprises.
The Fori group's textile division controlled by Fomtech is a leading Southeast European producer of branded technical textile products in the automotive and infrastructure cable industries and boasts a strong position in its niches of cable malfunctioning detection and seat comfort.
The team advising AMC and ACP was led by Peter Gorše (attorney at law) and further comprised Vid Kobe (partner) and Tisa Ljubetič (attorney at law). Vojimir Kurtić (partner), Dušan Obradović (attorney at law), Jelena Arsić (attorney at law) and Marko Kostić (associate) advised on the Serbian angle of the transaction.
The Fori group was advised by Karanović & Partners.