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Schoenherr advised Accession Capital Partners (ACP) on investing, together with INVENIO Partners, in 5 to go, the largest coffee shop chain in Eastern Europe and Romania's leading franchise. The transaction will drive 5 to go's plans to reach 1,000 locations in Romania and expand into key European markets. The new investors, through their project company 5TG Smile, will hold a majority stake in 5 to go.
Schoenherr's corporate/m&a team provided legal advice to ACP on its partnership with INVENIO Partners and in connection with the transaction, while the firm's banking & finance team advised ACP on a mezzanine loan granted for the purpose of partially financing the acquisition of 5 to go.
"We have advised on a series of key transactions this year where Romanian entrepreneurial companies teamed up with experienced private equity funds to take their businesses one step further," said Schoenherr partner Mădălina Neagu. "It has been a pleasure for us to work with ACP on shaping the legal aspects of their and INVENIO Partners' joint investment in 5 to go, supporting this Romanian brand's future growth."
"We are glad to have worked alongside ACP on structuring and implementing the financing arm of this complex private equity investment," Schoenherr partner Adina Damaschin added. "Our advice on the mezzanine loan and security package was facilitated by the parties' extensive experience in similar projects. We congratulate everyone involved in the transaction and look forward to seeing how it will impact the regional coffee market."
ACP, formerly known as Mezzanine Management, is investing from its fifth fund, AMC V SCA SCA SICAV-RAIF, which was launched in 2023. ACP has been active in Central and Eastern Europe since 2000 through its offices in Vienna, Warsaw, Bucharest, Budapest and Prague. To date, the group has raised commitments of over EUR 1.1bln in five dedicated growth capital funds.
The Schoenherr team advising ACP on corporate/m&a matters was led by Mădălina Neagu (partner). Financing-related aspects were coordinated by Adina Damaschin (partner), who was further supported by Alexandra Pop (managing attorney at law).
Katharina
Falkner
Corporate Communications & Business Development Manager
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