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EMZ Partners
EMZ Partners deployed over €5 billion in 160 European small and mid-cap buyouts. Ludovic Bart, Thierry Raiff and Klaus Maurer lead the Paris-based team.
EMZ Partners
EMZ Partners operates as a European private equity firm executing management-centric transactions in the small and mid-cap market. The team has deployed in excess of €5 billion across more than 160 companies over a 25-year track record. The firm's investment range — typically €15 million to €150 million per transaction — covers shareholder liquidity, acquisition finance and buyouts of minority interests across France, Germany and the Benelux region. Confirmed portfolio companies span industrial and service-economy assets. Recent and legacy holdings include Vulcain Engineering, a nuclear and energy engineering group, healthcare diagnostics provider Biogroup LCD, packaging verification specialist Labelys and safety-equipment firm Simon Hegele — which EMZ and management sold to Nippon Express. The firm also backed energy-transition platform Axdis and POwR Group's merger to form a European leader in renovation. Investment structures favor direct equity and bespoke capital solutions that keep founding teams in controlling, operational roles. The firm lists 30 professionals on its website and maintains three offices: Paris (headquarters), Munich and Amsterdam. In May 2025, EMZ structured a management-centric transaction for IT training provider Koenig Solutions. Adjacent vehicles or a disclosed philanthropic structure do not appear in the public record. EMZ operates without a disclosed parent or family-office anchor, distinguishing it from many European mid-market peers that manage a single fortune. Its architecture — an independent partnership advancing eight successive funds over a quarter-century — makes it a consistent consolidator in the French and DACH small-cap landscape.
General information
Firm type
Private Equity
Year founded
—
AUM
€2.5B – €5.0B (Altss estimate)
Location
Region
Europe
Country
France
City
Paris
Corporate office
9 rue Saint Florentin, 75008 Paris, France
Additional offices
Munich, Germany · Amsterdam, Netherlands
Principals
Ludovic Bart
Team Member
Thierry Raiff
Team Member
Klaus Maurer
Team Member
Sector focus
Frequently asked questions
How does EMZ Partners structure its investments?
EMZ designs majority and minority equity deals ranging from €15 million to €150 million. The firm's stated approach is "management-centric," meaning founding and operational teams typically retain substantial ownership and day-to-day control. Structures cover growth equity, acquisition financing, shareholder liquidity and buyout of minority interests.
Does EMZ Partners invest only in France?
EMZ invests across continental Europe with offices in Paris, Munich and Amsterdam. While many portfolio companies are French — Vulcain Engineering, Biogroup LCD, Fauché — the firm also backs German businesses such as Simon Hegele and H&Z Management Consulting. The Amsterdam office extends coverage to the Benelux region.
Is EMZ Partners a single-family office or an independent fund manager?
EMZ Partners is an independent private equity firm, not a single-family office. The team has raised and invested eight successive funds over 25 years without a disclosed family anchor. The partnership model distinguishes it from European firms tied permanently to one fortune.
What does EMZ Partners avoid?
EMZ focuses on small and mid-cap European companies and does not publicly indicate activity in early-stage venture, listed equities or large-cap buyouts. Its country footprint concentrates on France, Germany and the Benelux region; disclosed investments do not show a presence in Southern Europe, the Nordics or the UK.
Who runs investment decisions at EMZ Partners?
The firm does not publish a formal investment committee or CEO title. A 30-person team listed on the website includes senior professionals Ludovic Bart, Thierry Raiff and Klaus Maurer, among others. Given EMZ's partnership structure, investment decisions are likely made collectively by the senior partners.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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