| Logo Alt: | Emma Capital Logo |
| Native Name Lang: | it |
| Type: | private |
| Industry: | diversified investment |
| Founder: | Jiří Šmejc |
| Location: | Nicosia, Cyprus (registered office) |
| Operating Income: | €162.6 million |
| Income Year: | 2019 |
| Net Income: | €630.2 million |
| Net Income Year: | 2019 |
| Assets: | €1.646 billion |
| Assets Year: | 2019 |
| Equity: | €1.119 billion |
| Equity Year: | 2019 |
| Parent: | Emma Capital |
| Footnotes: | 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]
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. Another portfolio, Eldorado, was jointly sold by EMMA Capital and PPF in 2016.[5] [6]
EMMA Capital is the investment management company of the group, in which (as of October 2020) Jiří Šmejc owns 64.7% stake. The other partners are Pavel Horák, Tomáš Kočka, Ondřej Frydrych, Michal Houšť, and Peter Stohr.[7]
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). 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 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.[10]
Until May 2019, EMMA Gamma used to own 25% stake of Sazka Group; 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 .[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 owns 8.876% stake of Home Credit (as well as subsidiary Air Bank), a consumer finance company.[16]