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]
 | |
| Company type | private |
|---|---|
| Industry | diversified investment |
| Founder | Jiří Šmejc |
| Headquarters | Nicosia, Cyprus (registered office) |
Key people |
|
 €162.6 million (2019) | |
| €630.2 million (2019) | |
| Total assets | €1.646 billion (2019) |
| Total equity | €1.119 billion (2019) |
| Owner |
|
| Parent | Emma Capital |
| Subsidiaries |
|
| Footnotes / references in a consolidated basis, excluding minority interests,[1] [2] | |
History
editEMMA 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
editEMMA Capital
editEMMA 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
editEMMA 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
editEMMA 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.[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
editEMMA Omega owns 8.876% stake of Home Credit (as well as subsidiary Air Bank), a consumer finance company.[16]
References
edit- ^ "Auditors' report and consolidated financial statements 31 December 2019=31 December 2019" (PDF). Emma Alpha Holding. Retrieved 16 October 2020.
- ^ "EMMA Capital company structure=21 September 2020" (PDF). Emma Alpha Holding. Retrieved 16 October 2020.
- ^ a b c d e "EMMA Capital company structure" (PDF). EMMA Capital . 21 September 2020. Retrieved 16 October 2020.
- ^ "PPF and Jiří Šmejc have signed an agreement on division of their assets: Jiří Šmejc gains direct stakes in Home Credit Group and in Air Bank". EMMA Capital. 29 March 2013. Retrieved 22 January 2017.
- ^ "PPF and EMMA Group agreed on the sale of certain equity interests". EMMA Capital. 19 June 2015. Retrieved 22 January 2017.
- ^ "PPF Group and EMMA Capital announce the sale of Eldorado". EMMA Capital. 9 December 2016. Retrieved 22 January 2017.
- ^ "About us". EMMA Capital. Retrieved 22 January 2017.
- ^ a b c d e "company structure - simplified state" (PDF). EMMA Capital. 9 December 2016. Retrieved 22 January 2017.
- ^ "Premier Energy". EMMA Capital . February 2020. Retrieved 16 October 2020.
- ^ "SuperSport". EMMA Capital . April 2018. Retrieved 16 October 2020.
- ^ "KKCG and EMMA CAPITAL merge their lottery assets". EMMA Capital. 17 August 2016. Retrieved 22 January 2017.
- ^ "KKCG and EMMA Capital among Members of a Consortium Awarded License to Operate "Lotto", the Largest Italian Lottery". KKCG. 15 April 2016. Retrieved 22 January 2017.
- ^ "SAZKA Group buys further shares in Casinos Austria AG". KKCG. 3 January 2017. Retrieved 22 January 2017.
- ^ "About us". EMMA Capital. 2019. Retrieved 16 October 2020.
- ^ "Organization Details". The Department of Registrar of Companies and Official Receiver. 9 October 2020. Retrieved 16 October 2020.
- ^ "Home Credit". EMMA Capital . 2019. Retrieved 16 October 2020.
External links
edit- Official website (in Czech and English)