'Wunderkind’ firm eyes €350m close for Fund II – Exclusive

A German tech-focused firm with no-one on staff over 30 has already gathered €250m and looks likely to hit its hard-cap in early 2017.

Two German tech entrepreneurs-turned private equity investors have raised €250 million for a second fund, and are likely to close on their hard-cap of €350 million in early 2017, according to market sources.
 
EMH Partners, which was founded by Maximillian and Sebastian Kuss, aged 30 and 28 respectively, is understood to have raised the first €250 million from European institutions and is planning to raise the remaining €100 million predominantly from US investors.
 
EMH declined to comment.
 
The Kuss brothers founded, scaled and sold their first business while still in high school, and their second by the time they left university. They established EMH in 2010 to make growth equity investments in businesses that combine traditional markets with technology.
 
An example of such a business is portfolio company Kiveda Group, which aims to make the fragmented market for built-in kitchens in Germany, which still largely operates in the traditional “offline” way, more efficient through the use of technology.
 
In 2012 Sebastian and Maximilian were named “Young Global Shapers” by the World Economic Forum and in 2014 Forbes named them in its “30 under 30” list.
 
The brothers have assembled a team of 20 young professionals at EMH, including Tom Hou, who joined as a managing partner last year from TPG Credit Management, and Ivica Krolo, the firm's CFO, who joined from PwC.
 
The firm is also understood to have assembled a group of seasoned advisors from industry and private equity.