A founding partner has resigned from a leading Munich private equity firm.
Sources say that Volker Schmidt, a founding partner and key dealer at Munich private equity Emeram, announced his retirement earlier this week. Emeram confirmed his departure.
Schmidt was one of five senior partners at Emeram, which closed its debut fund at €400m in 2013. During his six years at the fund he worked on investments across the German Mittelstand and with portfolio companies including Boards & More, Matrix42, diva-e Digital Value Enterprise, Drahtzug Stein Gruppe, frostkrone Frozen Food and the Meona Group.
Emeram's other founding partners, Kai Köppen and Christian Näther, remain with the fund. It's not clear what Schmidt intends to do next.
Before founding Emeram, Schmidt spent eight years at the German office of the Riverside Company, an American private equity firm.
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