Emma Capital (stylised as EMMA Capital) is a Czech investment management company. The company currently has 3 private equity funds (Emma Alpha, Emma Gamma, and Emma Omega) that own portfolios in consumer finance, gas distribution, lottery and gaming.[3]
History
EMMA Capital was founded by former PPF shareholder Jiří Šmejc. In 2013 Šmejc withdrew as a shareholder of PPF. In turn, Šmejc acquired the minority share of Home Credit, in which PPF remains as the major shareholder.[4] Šmejc has put the stake to EMMA Omega, which belongs to EMMA Capital structure.[3] Another portfolio, Eldorado, was jointly sold by EMMA Capital and PPF in 2016.[5][6]
Group structure
EMMA Capital
EMMA Capital is the investment management company of the group, in which (as of October 2020) Jiří Šmejc owns 64.7% stake.[3] The other partners are Pavel Horák, Tomáš Kočka, Ondřej Frydrych, Michal Houšť, and Peter Stohr.[7]
EMMA Alpha
EMMA Alpha is a private equity fund in which the founder and majority owner of EMMA Capital, Jiří Šmejc, owns 94.94% investment shares via his own company MEF Holdings (the rest is owned by other partners).[3] EMMA Capital owns 100% voting share of EMMA Alpha as manager.[8] EMMA Alpha is the parent company of EMMA Gamma and EMMA Omega.[8]
As of October 2020, EMMA Alpha also owns Romanian gas distribution company Premier Energy and Moldovan electricity distribution company Premier Energy via Cyprus based holding company Premier Energy Cyprus.[9]
EMMA Gamma
EMMA Gamma is 100% owned by EMMA Alpha.[8] EMMA Gamma owns 67% stake in Croatian betting company SuperSport. The stake has been acquired as a consequence of Sazka Group split which has happened in 2019.[3][10]
Until May 2019, EMMA Gamma used to own 25% stake of Sazka Group;[8] KKCG used to be the major shareholder of Sazka Group for 75% stake. After the split it holds 100% of Sazka Group.[11]
Sazka Group owns 32.5% stake of Lottoitalia (a consortium that owns a 9-year license to operate lotto in Italy),[12] 100% stake of Sazka Czech, as well as indirect share of Casinos Austria[13] and Österreichische Lotterien [de].[8][14] Sazka Group also owned 33% stake in Greek lottery company OPAP through the investment fund EMMA Delta (after the split recently renamed to SAZKA Delta AIF Variable Capital Investment Company).[15]
EMMA Omega
EMMA Omega owns 8.876% stake of Home Credit (as well as subsidiary Air Bank), a consumer finance company.[16]
References
External links