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EMK Capital gears up for third fund

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EMK Capital has made a regulatory filing for EMK Capital Partners III, just under two years after its predecessor fund held a EUR 1.5bn final close.

EMK Capital Partners III is domiciled in Luxembourg and was registered on 17 March 2022.

The fund's predecessor, EMK Capital Partners II, had a EUR 1.2bn target, which it exceeded to reach its EUR 1.5bn hard-cap in June 2020. The GP’s debut fund held a final close in May 2017 on its GBP 575m hard-cap.

EMK makes majority investments in European mid-market companies. According to its website, the firm focuses in the business services, consumer and industrials sectors, and it can commit more than GBP 100m from its funds, with additional equity available in partnership with its LPs. It typically holds investments for three to seven years.

The GP made three platform deals in 2021, according to Unquote Data. Its recent activity includes the acquisition of eye and hearing care chain EyeCare Group in October 2021. In January 2022, the firm sold its stake in automotive engineering, testing and manufacturing business Williams Advance Engineering in a GBP 164m trade sale to Australia-based mining business Fortescue, two years after the GP acquired the business in a GBP 47.7m deal.

EMK Capital is headed by Bregal Capital co-founder Edmund Lazarus and former Oakley Capital partner Mark Joseph. The London-headquartered firm was formed in 2015 and currently has a portfolio of 15 companies, according to its website.

EMK had not responded to requests for comment by the time of publication.

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