Ethos Mezzanine Partners III (EMP III) is dedicated to providing mezzanine growth, acquisition or replacement capital solutions to mid-market companies operating in East and Southern Africa. The fund will invest in a broad spectrum of mezzanine financing instruments, including second lien loans, convertible loans, PIK notes and preference shares.
EMP III recently held its first close at USD 102 million and has a target fund size of USD 150 million.
EMP III aims to address business stakeholders’ needs by developing flexible, innovative and tailored term funding solutions, crafted to suit the unique circumstances of each new investment opportunity.
The unique attributes of mezzanine finance enable it to manage differing stakeholder agendas (notably, avoiding drags to exit) and to significantly reduce and postpone the effects of shareholder dilution, usually attributable to the raising of growth capital from third parties.