ACP invests €264m in Inplus/Cenatorium

Accession Capital Partners (ACP) has made an investment in proptech business Inplus/Cenatorium Group, a Polish provider of property and geospatial analytics.

The investment was made by AMC Capital IV, a €264m vehicle managed by ACP (formerly Mezzanine Management). The fund is the largest raised by ACP since the firm pioneered mezzanine funding in 2000 for growing companies in Central Europe. Inplus/Cenatorium supplies data-based solutions through its state-of-the-art digital database that combines the most comprehensive real estate transactional data and the geospatial data across Poland. The company’s software combines its experience and knowledge of the dynamics of spatial economy phenomena with advanced data processing technologies, enabling clients to use automated valuation models for real estate as well as to support large-scale infrastructure projects in design, planning and permitting. The Group caters to a high-profile client base that includes top-rated financial institutions as well as infrastructure owners and developers.

The Fund has acquired a 40% stake in the business and provided a long-term debt facility as part of a refinancing to release incumbent financial sponsors. Przemysław Głębocki, Co-Managing Partner at ACP, says: “We are delighted to be able to support the entrepreneurial teams of Inplus and Cenatorium in the next stage of their journey. The recent Covid-19 related lockdowns have dramatically accelerated digital transformation within corporations as well as state and local administration, with both Inplus and Cenatorium well placed to cater to increased demand.”