We are pleased to announce that we have advised Exact Systems sp. z o.o., Paweł Gos and Lesław Walaszczyk on a transaction involving the buyout of the minority shareholder of Exact Systems, Noble Funds Mezzanine FIZAN, a fund managed by CVI Dom Maklerski (“CVI”).
Equity and debt financing was provided by AMC Capital IV SCSp, with advisory services provided by Accession Capital Partners (ACP). CVI had been a shareholder in Exact Systems since 2018. As a result of the transaction, CVI divested its entire stake and ACP acquired a 25% stake in Exact Systems.
Exact Systems is Europe’s leading provider of quality control solutions, including the selection, repair and sorting of parts, components and finished products for complex industries, including the automotive and consumables industries. Exact Systems’ offerings are mission-critical for complex, just-in-time processes, with the company supporting over 900 plants for more than 100 OEM (Tier 1 and Tier 2 suppliers). Exact Systems’ success has allowed it to expand into 12 countries, and today it derives most of its revenues from international sales.
Accession Capital Partners (ACP), formerly known as Mezzanine Management, is investing through AMC Capital IV SCSp, which raised EUR 264 million in 2018. ACP’s subsequent fund, AMC V SCA SICAV-RAIF was launched earlier this year with commitments of over 50% of its EUR 300 million target, and remains open to accept new investors. The funds managed by ACP provide tailored financial solutions for established companies and for small and medium-sized enterprises.
The transaction team included Paweł Zdort (partner), Małgorzata Deruś (senior associate) and Bartłomiej Skwarliński (associate). Legal support in obtaining financing was provided by Dr Jakub Rachwol (partner) and Filip Książczak (associate)