Emeram Capital Partners buys Boards & More

Emeram, which was founded in 2012, provided equity via its maiden fund Emeram Fond I. The vehicle is said to have a target of around €350m.

The Munich-based private equity house aims to invest in consumer goods and services, health services, industrial and retail companies in the DACH region, with turnovers of €20-150m.

Investment holding company Airesis acquired Boards & More in 2005, with the firm's management holding a stake of around 23%.

Company
Boards & More sells kitesurfing, stand-up paddling and windsurfing equipment via own brands North Kiteboarding, Northsails, Ion and Fanatic.

In 2012, Boards & More reported a €45m turnover. The firm is based in Molln, Austria. Founded in 2000, the firm started out with the North Kiteboarding brand.

People
Emeram was founded by six partners: Volker Schmidt, Kai Obring, Christian Näther, Kai Köppen, Korbinian Knoblach and Eckhard Cordes. All have held various position at firms including Apax, Riverside and EQT in the past. Till Eberle is Boards & More's CEO.

Advisers
Equity – Kurt Salmon Associates (Commercial due diligence); KPMG (Corporate finance, tax); Wenger & Vieli (Legal); Watson Farley & Williams (Legal); bpv Hügel (Legal).
Vendor – Zetra International (M&A).

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• Topics
• DACH
• Consumer
• Buyouts
• Austria