AF Mezzanine S.G.R.p.A. is jointly founded by the private financial group Fineurop and Banco Popolare. It is one of the first fund management companies focused on the Italian subordinated debt market.
AF Mezzanine launches Mid-Capital Mezzanine, a closed-end fund established under the laws of Italy with total financial resources of €150 m (equity + debt). The fund invests in 19 companies active in diverse industrial sectors.
Fineurop acquires the shares of Banco Popolare becoming the sole shareholder of AF Mezzanine.
In late 2012, the management teams of AF Mezzanine and Mezzanove Capital – the main mezzanine lender in Southern Europe with €300 m of raised capital (equity + debt) – join forces to implement the Emisys project.
Intesa Sanpaolo (through IMI Investimenti SpA) and the management join Fineurop as shareholders of AF Mezzanine which is renamed Emisys Capital S.G.R.p.A.. October 2013 bears witness to the first closing of Emisys Development, closed-end fund with initial commitments in excess of €130 m. Among its participants, there are primary institutional investors the like of Fondo Italiano di Investimento and the European Investment Fund.