After a six-year cycle, Innova Capital has decided to sell its 70 per cent stake in Polish industrial parts manufacturer Donako. Co-owner Franciszek Zeleznik of Zeleznik Industrie Consulting has also sold his stake in the company. The trade sale was made to Austrian industry player Rudolf Weinberger Holding, and puts the company’s value at under EUR50 mln. [...]

Polish VC firm Innova Capital has acquired a majority stake of 52.8 per cent in EnergoBit, a Romanian electric engineering products and services company. The EBRD has also invested in a minority stake in the Romanian firm. Innova is one of the leading investment firms in the CEE region, and this purchase of controlling equity [...]

Leading Central European-focused PE fund Innova Capital has entered the Polish medical services sector in a big way, with an investment commitment of more than PLN 150 mln in Ujastek Gynaecological and Obstetrics Hospital. The fund will be utilized over the next two years in building a chain of healthcare centers focused on providing advanced medical [...]

Post the Easter weekend, Polish telecom company Netia could be looking at share sales worth more than EUR 600 mln. Three PE majors have shown interest in purchasing the company’s shares, and are thought to be Bridgepoint, Innova Capital and Advent International. The news of the possible fund inflow pushed Netia to an 11-year high, to [...]

Central Europe focused private equity firm Innova Capital may exit its investment in Romania’s leading spring water bottler and distributor, the La Fantana Group. Innova had picked a 92 per cent stake in La Fantana for EUR 35 million in 2007. The firm currently serves nearly 70 per cent offices in Romania and 60 per [...]

A little more than a year after acquiring Poland’s Libet S.A., Innova Capital has suggested it might be willing to list the company on the Warsaw exchange later this year. Libet officials have indicated that a minority stake may be up for sale before mid-2011. Though such a short investment period is not the norm, [...]

Turkven Private Equity and a group of co-investors have sold a 96% stake of Provus Services Provider to Poland’s Innova Capital. As part of the sale, Innova also gains control of Provus subsidiary Romcard. Together, the two companies are the largest providers of credit and debit cards, and their related transactions, in all of Romania. Innova officials [...]

Citing the great potential of Poland’s Meritum Bank, Wolfensohn Capital Partners is joining with the European Bank for Reconstruction and Development (EBRD) and Innova Capital to pump yearly €34 million of new financing into the bank. The new funding will be used to expand Meritum’s current services, develop new ones, and complete an ongoing restructuring process. The combined [...]

Poland’s PGE power group wants to sell the Exatel telecom by the end of the year, and they just may have a buyer in GTS Central Europe. GTS has the resources to pull off a deal, and has already expressed an interest in either Exatel or PKP’s Telekomunikacja Kolejowa. Exatel’s 2009 EBITDA earnings were PLN [...]

Innova Capital of Poland has announced an investment that will give the private equity firm a controlling 70% share of Marmite International. Innova is pleased with the business the bathroom fixture company has built since its relocation to Poland, and it sees the investment as a way to take the company’s products from niche status [...]

After more than two years of holding a majority share of Polish financial advisor Expander Advisors, the consortium led by Innova Capital has acquired the remaining shares from GE money to become the company’s sole owner. The Innova consortium first invested in 2007, acquiring 60% while GE Money retained a 40% stake. The acquisition comes [...]

Anglo American plc has announced the sale of Polish concrete products manufacturer, Libet, to Innova Capital. The acquisition was made through Innova’s fourth fund, Innova/4, and gives the firm 100% ownership. Prior to the sale Libet was part of Tarmac, a British mining and mineral company, which is in turn part of Anglo American. The [...]

GML’s subsidiary, the shareholder of GTS Central Europe, has entered into an agreement to sell 100% of the shares in GTS CE to a consortium of private equity funds, led by Columbia Capital, M/C Venture Partners, Innova Capital and Bessemer Venture Partners. The transaction itself is expected to close in 1Q 2008. GTS Central Europe [...]

A consortium led by Innova Capital, which included among others 3TS Capital Partners, has purchased a 60% stake in financial intermediary Expander from GE Money. The other 40% of Expander’s shares remain the property of GE Money. Expander (www.expander.pl) The Company was established in 2000, originally as an Internet broker of financial products. It belonged [...]

Innova Capital acquires 90.1 % of Bank Wspolpracy Europejskiej (BWE) from Gudzowaty’s family. Bank Wspolpracy Europejskiej (www.bwe.pl) BWE is a financial institution specializing in the provision of services to small and medium-sized enterprises, local government units, health service sector entities and individual customers. The Bank offers its customers a wide range of deposit and loan [...]

First Data International acquires 99.67% of Polcard shares for USD 325 million (€ 240.8 million) from the current owners GTECH Corporation and Innova Capital. The remaining 0.33% of Polcard shares are still owned by the Polish Bank Association. Polcard S.A. (www.polcard.com.pl) Polcard is the largest processor of credit card and payment transactions in Poland. Polcard [...]