Emma Capital

Last updated
Emma Capital
Type private
Industrydiversified investment
FounderJiří Šmejc
Headquarters Nicosia, Cyprus (registered office)
Key people
  • Jiří Šmejc (CEO)
Increase2.svg €162.6 million (2019)
Increase2.svg €630.2 million (2019)
Total assets Increase2.svg €1.646 billion (2019)
Total equity Increase2.svg €1.119 billion (2019)
Owner
  • MEF Holdings (94.9%)
  • Others (5.06%)
Parent Emma Capital
Subsidiaries
  • Emma Gamma (100%)
  • Emma Omega (100%)
  • Premier Energy Cyprus (100%)
  • Allwyn AG (100%)
Footnotes /references
in a consolidated basis, excluding minority interests, [1] [2]

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]

Contents

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]

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References

  1. "Auditors' report and consolidated financial statements 31 December 2019=31 December 2019" (PDF). Emma Alpha Holding. Retrieved 16 October 2020.
  2. "EMMA Capital company structure=21 September 2020" (PDF). Emma Alpha Holding. Retrieved 16 October 2020.
  3. 1 2 3 4 5 "EMMA Capital company structure" (PDF). EMMA Capital . 21 September 2020. Retrieved 16 October 2020.
  4. "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.
  5. "PPF and EMMA Group agreed on the sale of certain equity interests". EMMA Capital. 19 June 2015. Retrieved 22 January 2017.
  6. "PPF Group and EMMA Capital announce the sale of Eldorado". EMMA Capital. 9 December 2016. Retrieved 22 January 2017.
  7. "About us". EMMA Capital. Retrieved 22 January 2017.
  8. 1 2 3 4 5 "company structure - simplified state" (PDF). EMMA Capital. 9 December 2016. Retrieved 22 January 2017.
  9. "Premier Energy". EMMA Capital . February 2020. Retrieved 16 October 2020.
  10. "SuperSport". EMMA Capital . April 2018. Retrieved 16 October 2020.
  11. "KKCG and EMMA CAPITAL merge their lottery assets". EMMA Capital. 17 August 2016. Retrieved 22 January 2017.
  12. "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.
  13. "SAZKA Group buys further shares in Casinos Austria AG". KKCG. 3 January 2017. Retrieved 22 January 2017.
  14. "About us". EMMA Capital . 2019. Retrieved 16 October 2020.
  15. "Organization Details". The Department of Registrar of Companies and Official Receiver . 9 October 2020. Retrieved 16 October 2020.
  16. "Home Credit". EMMA Capital . 2019. Retrieved 16 October 2020.