Private Equity News & Analysis

Mezzanine Management supports German WIS Group buyout

Eighth investment made from MM Fund IV highlight resurgent interest in mezzanine debt.

By
PEI Staff
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Eighth investment made from MM Fund IV highlight resurgent interest in mezzanine debt.

Mezzanine Management, an independent mezzanine and private equity firm, has invested €18.6 million in WIS Group, a provider of security services, technology and systems to businesses in Germany.

The investment, made alongside lead investor Argantis, a Cologne-based private equity fund, will include equity and mezzanine capital to support the management buyout of the company.

The former shareholders will retain a stake in the business. The management team will also invest in the equity with senior debt provided by Sal.Oppenheim & Cie.

This is the eighth investment from MM Fund IV and is in line with its strategy of focusing on investments where it can provide flexible financing through a combination of mezzanine and equity.

It follows the firm’s recent investments in Baxter Storey, a UK contract caterer, in December 2007 and TNT Crane & Rigging, a full-service crane and rigging operator based in Texas, in November 2007.