Mezzanine Management heading East

Rory Brooks' mezzanine shop is reported to have launched a E150m fund for Central and Eastern Europe.

Mezzanine Management, the London-headquartered mezzanine boutique led by Rory Brooks, has launched a E150m mezzanine fund to invest in Central and Eastern European private equity transactions.

The fund's geographic dedication is unusual, making it the first of its kind. According to Financial News, it is expected to consist of up to 20 tranches of E5m to E15m each, and target deals with a transaction value of approximately E100m.

If successful, the fund should find plenty of opportunity to get involved in. Despite a great deal of interest in Eastern Europe among private equity holders, debt financing for larger transactions remains relatively difficult to come by.

No one at Mezzanine Management was available to comment.