Fledgling German firm Emeram eyes €350m debut fund


munich2_lrgMunich-based Emeram Capital Partners is reportedly targeting €350m for its debut fundraise after being launched by former Apax Partners and The Riverside Company executives last year.

PE News reported that the firm had officially launched its maiden fundraise after stepping up discussions with potential LPs earlier this year.

The firm was set up by ex-Apax partner Christian Näther, former Riverside partners Kai Köppen and Volker Schmidt, and German retail executive Eckhard Cordes.

It plans to target Mittelstand companies in Germany, Austria and Switzerland across the consumer goods, retail, industrial goods, business services and healthcare sectors.

Emeram’s six founding partners have been principal investors for a total of more than 45 years, compelted over 25 deals and served on more than 40 company boards according to the firm’s website.

The news comes a day after fellow mid-market buyout house Deutsche Private Equity closed off its second fund after hitting its €350m hard cap.

DPE bought itself out from a joint venture with Dutch private equity firm Parcom through the fundraise, which more than doubled its assets under management following its €250m debut offering.

DPE said it planned to continue investing in Mittelstand companies headquartered in the DACH region.

Copyright © 2013 AltAssets