Mezzanine Capital Partners has concluded an agreement with MBL concerning a grant to the company and its shareholders of EUR 15 million to ensure MBL's future geographical growth and development of its product range. Horten has assisted MBL Gruppen.
The financial grant from Mezzanine Capital Partners consists of a combination of debt and equity financed through Accession Mezzanine Capital III's purchase of a minority shareholding in MBL. Accession Mezzanine Capital III is part of the group of private equity funds advised exclusively by Mezzanine Capital Partners.
Horten acted as legal advisor to MBL Gruppen in connection with the sale of the shares and the loan financing.
MBL is a Danish family business established in Silkeborg in 1988. The company manufactures standard and tailored components for wheel chairs, for instance rear wheels, front forks, food rests, handbrakes, etc. In 1991, MBL opened a factory in Poland and in 1998 another factory in China. Today, the company employs approx. 1,400 persons internationally and is an important supplier to the leading manufacturers of rehabilitation equipment.
MEZZANINE CAPITAL PARTNERS
Mezzanine Capital Partners is the exclusive advisor to Accession Mezzanine Capital's foundations. The company has operated in Europe since 2001 and has offices in Vienna, Warsaw, Bucharest, Budapest and Prague. The foundations' investment portfolios vary and include 45 transactions in ten Central European countries. The foundation is supported by respected institutional investors like the European Bank for Reconstruction and Development and the European Investment Fund and a number of banks, foundations and insurance companies.