- Fund II has closed at hard cap of €650m, nearly double the size of EMH’s €350m debut fund and bringing total committed capital under management to over €1bn
- Expands EMH’s strategy to partner with business owners and leading companies in the German Mittelstand to capitalize on multiple digitisation and growth opportunities
Munich, 28 October 2020 – EMH Partners (EMH) is pleased to announce the successful final close of EMH Growth Fund II (the Fund) at €650 million (excluding co-investments). The oversubscribed Fund reached its hard cap and represents a near doubling of EMH’s predecessor fund which held its final close in 2017. The Fund’s closing takes EMH’s total committed capital under management to more than €1 billion.
EMH’s strategy is to partner with strong business owners and growth companies in the German, Swiss and Austrian Mittelstand which command a long-term proven, stable business model to capitalize on the enormous opportunities of digitisation. This strategy has proven successful and will be extended.
Investors in the new Fund were attracted to EMH’s unique approach to addressing the opportunities offered by the DACH market, distinguished by entrepreneurialism, partnership and expertise in digital transformation. With a strong team comprising thirty professionals including an in-house group of portfolio specialists, EMH has demonstrated its ability to unlock access to rapidly growing, market-leading companies on a proprietary basis and partner with them to accelerate their growth journey. This is reflected in the recent performance of EMH’s portfolio of investments as well as its strong pipeline. EMH’s portfolio includes a number of highly respected companies like Native Instruments (global market leader for digital instruments and music production), Occhio (German market leader in the premium-lighting segment), or Brainlab (global market leader for innovative, image-guided medical technology).
The Fund received strong support from its existing investor base, and substantial new commitments from numerous top-quality investors. This includes public and private pensions, fund-of-funds, insurance companies, world renowned endowments, financial institutions and family offices. The commitments came from a globally diversified pool of investors with DACH representing 36%, Rest of Europe 39% and North America 25%. In addition, the founders and EMH’s team committed to the Fund.
In line with its commitment to promoting the highest Environmental, Social and Governance standards within its portfolio, EMH has recently become a signatory of the United Nations Principals for Responsible Investment (UNPRI).
Maximilian Kuss, Co-Founder and Managing Partner, said: “Despite the global effects of the Covid-19 pandemic, we have exceeded all our funding targets for the Fund. We have built reliable relationships with a well-renowned and diversified group of blue-chip investors, putting us in a strong position to continue to capitalize on the outstanding opportunity in the German Mittelstand. We are grateful for our investors’ support in face of the challenges of the Covid-19 pandemic, which reflects the strong confidence in our strategy and team.”
EMH was advised by placement advisor Rede Partners and law firm Simpson Thacher & Bartlett.