Emeram backs digital consultant Init

Emeram is currently investing from its debut fund, Emeram Fond I, which closed on €400m in 2015. The firm invests to acquire significant stakes in companies based in the DACH region and with turnovers of between €20-150m.

In April 2019, the GP raised an additional €50m through a GP-led secondaries process to fund bolt-on and platform investments for current portfolio companies.

The firm plans to expand the company's customer base, develop its product strategy and expand into adjacent markets.

The company's CEO will continue to hold a significant stake in the company and lead the business.

Emeram declined to comment.

Company
Init offers digital consulting services, as well as IT infrastructure and web support. Founded in 1995, the company employs more than 500 people and is headquartered in Berlin, with offices in Cologne, Mainz, Munich, Hamburg, Brussels and Delhi. Init counts Deutsche Börse, DB Schenker and the European Central Bank as customers.

People
Emeram Capital Partners – Kai Obring (senior partner); Fabian Furtmeier (associate partner).
Init – Dirk Stocksmeier (CEO); Harald Felling (chief operations officer).

Advisers
Equity – Noerr (legal, tax); PwC (financial due diligence); Strategy& (commercial due diligence); Quarton (debt advisory); Willis (insurance due diligence).
Company – Drake Star Partners (corporate finance); Taylor Wessing (legal).

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