What investment strategy does EMERAM Capital Partners focus on?

EMERAM Capital Partners focuses on Buyout, Growth strategies in the private equity space.

How many portfolio companies does EMERAM Capital Partners have?

EMERAM Capital Partners has 9 active portfolio companies and 8 completed exits and 2 funds tracked on GP Intel.

Where is EMERAM Capital Partners headquartered?

EMERAM Capital Partners is headquartered in Munich, Germany.

What is EMERAM Capital Partners's assets under management?

EMERAM Capital Partners manages approximately €800M in assets under management.

When was EMERAM Capital Partners founded?

EMERAM Capital Partners was founded in 2012.

What sectors does EMERAM Capital Partners invest in?

EMERAM Capital Partners invests across Software, Consumer, Business Services, Energy, Healthcare.

What are EMERAM Capital Partners's recent exits?

Recent realized exits by EMERAM Capital Partners include: diva-e (2024) to Conclusion Group; Officium (2023) to Arcus Infrastructure Partners; ]init[ (2021) to Gilde Buy Out Partners; Boards & More (2021) to Coller Capital; Matrix42 (2021) to Corten Capital; Meona Group (2021) to Trill Impact; Xovis (2019) to Capvis; Hussel (2018) to arko.

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EMERAM Capital Partners

Munich, Germany·Founded 2012·

Buyout Growth Equity

·emeram.com

EMERAM Capital Partners is a Munich-based mid-market private equity firm founded in January 2012 that invests in German-speaking companies across three verticals: digitalisation, energy transition and health and wellbeing. The firm manages more than EUR 800m across EMERAM Private Equity Fund I (EUR 400m after a 2019 capital increase), Fund II (EUR 200m, 2022) and two single-asset continuation vehicles for Boards & More (2021, led by Coller Capital) and ]init[ (2022, Schroders Capital sole LP).

AUM

€800M

Funds

vintages 2013–2022

Portfolio

Exits

EMERAM Capital Partners is a Munich buyout firm with €800M AUM, 9 active companies and 8 exits.

SectorsSoftware Consumer Business Services Energy Healthcare

Key takeaways

·6 exits in the last 5 years · consistent DPI cadence.
·Average hold across 8 realized deals: 5 years.
·Top sector focus: Consumer (29% of portfolio).

Sector breakdown

17 companies

Consumer

5 · 29%

IT Services

3 · 18%

ClimateTech

2 · 12%

Fintech

1 · 6%

Telecom

1 · 6%

SaaS

1 · 6%

HealthTech

1 · 6%

Business Services

1 · 6%

Geography breakdown

2 geographies

Germany

15 · 88%

Switzerland

2 · 12%

Key facts

HQMunich, Germany

Founded2012

Websiteemeram.com

Recent exits

EMERAM Capital Partners sold diva-e to Conclusion Group in 2024 after 9 years.

EMERAM Capital Partners sold Officium to Arcus Infrastructure Partners in 2023 after 3 years.

EMERAM Capital Partners sold ]init[ to Gilde Buy Out Partners in 2021 after 2 years.

EMERAM Capital Partners sold Boards & More to Coller Capital in 2021 after 8 years.

Partners

Dr. Christian NaetherManaging Partner, Co-Founder

Dr. Kai ObringManaging Partner, Co-Founder

Kai KoeppenManaging Partner, Co-Founder

Coverage notes

2 funds tracked, 17 portfolio companies (9 active · 8 realized). Verified weekly from public filings and deal announcements.

Investment team

Senior partners. Hand-checked from public filings and the firm's own site.

Dr. Christian Naether

Managing Partner, Co-Founder

Dr. Kai Obring

Managing Partner, Co-Founder

Kai Koeppen

Managing Partner, Co-Founder

Funds & portfolio

Every fund EMERAM Capital Partners has raised, with its portfolio companies. Hand-checked from public filings.

2 funds

Fund

Strategy

Vintage

Size

Assets

Exits

EMERAM Private Equity Fund II

Buyout2022€200M6 assets

Buyout

2022 · 4yr

€200M

–

Unrealized

6 held

Company	Entry
ace Group ClimateTech · Germany	2023
CoCoNet Fintech · Germany	2024
Garderos Telecom · Germany	2024
Hochfrequenz IT Services · Germany	2026
Provital Consumer · Germany	2024
Solar Manager ClimateTech · Switzerland	2026

EMERAM Private Equity Fund IHarvesting

Buyout2013€400M3 assets8 exits

Buyout

2013 · 13yr

€400M

Unrealized

3 held

Company	Entry
Frostkrone Consumer · Germany	2017
Frostkrone Food Group Consumer · Germany	2017
sofatutor EdTech · Germany	2021

Realized

8 exits

Company	Entry	Exit	Type	Buyer	MOIC
]init[ IT Services · Germany	2019	2021	Secondary	Gilde Buy Out Partners	–
Boards & More Consumer · Germany	2013	2021	Secondary	Coller Capital	–
diva-e IT Services · Germany	2015	2024	Trade Sale	Conclusion Group	–
Hussel Consumer · Germany	2014	2018	Trade Sale	arko	–
Matrix42 SaaS · Germany	2015	2021	Secondary	Corten Capital	–
Meona Group HealthTech · Germany	2017	2021	Secondary	Trill Impact	–
Officium Business Services · Germany	2020	2023	Secondary	Arcus Infrastructure Partners	–
Xovis Deep Tech · Switzerland	2016	2019	Secondary	Capvis	–

Frequently asked questions

What investment strategy does EMERAM Capital Partners focus on?: EMERAM Capital Partners focuses on Buyout, Growth strategies in the private equity space.
How many portfolio companies does EMERAM Capital Partners have?: EMERAM Capital Partners has 9 active portfolio companies and 8 completed exits and 2 funds tracked on GP Intel.
Where is EMERAM Capital Partners headquartered?: EMERAM Capital Partners is headquartered in Munich, Germany.
What is EMERAM Capital Partners's assets under management?: EMERAM Capital Partners manages approximately €800M in assets under management.
When was EMERAM Capital Partners founded?: EMERAM Capital Partners was founded in 2012.
What sectors does EMERAM Capital Partners invest in?: EMERAM Capital Partners invests across Software, Consumer, Business Services, Energy, Healthcare.
What are EMERAM Capital Partners's recent exits?: Recent realized exits by EMERAM Capital Partners include: diva-e (2024) to Conclusion Group; Officium (2023) to Arcus Infrastructure Partners; ]init[ (2021) to Gilde Buy Out Partners; Boards & More (2021) to Coller Capital; Matrix42 (2021) to Corten Capital; Meona Group (2021) to Trill Impact; Xovis (2019) to Capvis; Hussel (2018) to arko.