Mezzanine Management supports German WIS Group buyout

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.