EMK Capital is pleased to announce that its second fund, EMK Capital Partners II, closed at its hard cap of €1.5 billion, ten weeks after its launch in April.
The fund held a single close on 18th June, consistent with the original timeline set by EMK, and attracted commitments from a number of the world’s most experienced private equity limited partners. This includes increased support from existing EMK investors.
The fund will continue EMK’s proven investment strategy of investing in predominantly European headquartered mid-market businesses where there is unrecognised and / or hard to realise value, identified through extensive work on sub sector theses and where EMK can support companies in executing transformative change to deliver superior returns.
The fundraising follows a highly successful 18 months for EMK during which it has completed five platform investments in CBT Clinics, Covidence, Williams Advanced Engineering, Trustonic and Broad Horizon and nine add-on acquisitions. CBT Clinics operates the UK’s largest outsourced network of private pay mental health therapists and clinicians; Covidence is the global market leader in high-end, miniature video and audio surveillance equipment to government-approved intelligence, military and law enforcement organisations; Williams Advanced Engineering is a world leading engineering business providing innovative electrification and lightweight technologies to motorsport, automotive, and increasingly to aerospace, industrial, mining and other sectors; Trustonic is a world-class provider of cybersecurity solutions protecting smartphones, critical mobile apps, wearables, Internet of Things devices, healthtech and automotive systems; and Broad Horizon is a leading managed hosting, cloud consulting and data science firm in the Netherlands helping SMEs with digital transformation.
Edmund Lazarus and Mark Joseph, EMK’s Managing Partners, commented, “We are delighted and grateful for the support that the fund has received from a prestigious group of global investors. We are pleased to have had such strong interest in the fund during COVID-19 and what has been a very challenging time for everyone. We are proud of the firm’s core commitment to ESG and in particular the significant contribution that EMK portfolio companies continue to make in the efforts to combat the virus. “