Milan, Italy-based Emisys Capital Sgr has launched a closed fund to support SMEs.
Emisys Development, which has a €150m target, will leverage hybrid financial products including mezzanine financing, convertible loans, and minority participations, to invest in established companies in different sectors committing from €5m to €12m in any operation.
The vehicle will not back neither startups nor turnaround operations.
Emisys Development will held the first close during October, at €130m with investors including Fondo Italiano d’Investimento, the European Investment Fund, and the shareholders in Emisys Capital Sgr (which are the management team, formed by Andrea Cappuccio, Philippe Minard and Edoardo Professione, who own a 30% stake in the firm; Imi Investimenti, which owns a 35% stake, and Fineurop, which own the remaining 35% stake).
FinSMEs
14/10/2013