EMH Partners

About EMH Partners

EMH Partners is a German Mittelstand growth-buyout specialist with more than €1.5 billion of committed capital as of December 2024, headquartered in Munich with additional offices in London and Madrid. The firm was founded in 2010 by brothers Maximilian and Sebastian Kuss (entrepreneurs since 2003) and operates as a founder-led partner-owned private firm with team co-investment. The founder-to-founder positioning closes the European Mittelstand growth-capital gap between VC and mega-buyout.

Investment thesis

EMH Partners deploys capital through two main funds (EMH Growth Fund I €350 million 2016 vintage, EMH Growth Fund II €650 million 2020 vintage) plus co-invest SPVs, targeting growth-buyout for European mid-cap Mittelstand with majority and significant-minority stakes. The long-hold partnership model addresses the gap between VC and large buyout. Sector focus spans three vertical themes: Healthcare and HealthTech, Software and SaaS, and Industrial Tech, Consumer and Brands and Business Services. Geographic deployment is DACH-centric plus selective Western Europe with Germany core, UK and Iberia.

Recent activity

Recent realised exits include coworking and real estate (Design Offices, March 2026). Recent acquisitions include fintech and capital markets software (DIGITEC, December 2025), IT automation and software (Stonebranch, April 2024), medtech and healthcare (Brainlab follow-on, 2023) and lighting and design consumer (Occhio, 2022). The platform continues active deployment of Fund II across the European Mittelstand mandate. Detailed buyer names and multiple data available on Pro at €29/month.