Innova Capital News
Innova Capital, a leading Central European private equity firm, has announced Michał Wojdyła's promotion to the position of Partner. Further expansion of the partner group strengthens Innova's market position in technology sector ahead of deployment of its new Innova/7 investment vehicle.
Innova Capital, a leading Central European private equity firm, has announced that it has raised over EUR 220 million for the first close of its latest fund - Innova/7. Despite the rapidly changing economic landscape, Innova has reached over 60% of its final goal of EUR 350 million in just 10 months.
Innova Capital has entered into a binding agreement with Recticel to sell a 100% stake in Trimo for an enterprise value of EUR 164 million. The transaction marks another home-run exit for Innova yielding over 4.5x return on the investment. Completion of the deal remains subject of customary conditions precedent and is expected to take place in Q3/22.
Innova/6 SCA SICAV-RAIF, an alternative investment fund of Innova Capital Group investing in Central and Eastern Europe, has acquired stakes in three companies operating in the dental services market - the Lithuanian chain DPC and Polish Dentaurus and Medicadent clinics. The goal is to create - in cooperation with the prominent founding doctors - a leading, independent regional dental group. Initially the group comprises of 19 clinics located in Poland (6), Lithuania (12) and the United Kingdom (1) and has at its disposal ca. 70 dental units, as well as two prosthetic laboratories. The platform is a unique combination of medical and management competences, scale and investor experience, and has ambitious growth plans.
INELO Group, the leading provider of innovative technologies for the TSL sector in Poland, controlled by the private equity fund Innova/6 from the Innova Capital group, has acquired 73.5% of shares in the Slovenian telematics player CVS Mobile and becomes the leader in the field of integrated technological solutions for heavy-duty transport in the CEE/SEE region with a total of over 68 000 devices and access to 10 European markets. This is INELO third M&A transaction. The most recent one, in 2020, was a purchase of majority shares in Marcos BIS - the leading provider of transport management software - TMS Navigator. CVS Mobile will help to expand the geographical footprint for INELO Group's advanced products - specifically in the area of driver's work time management - and complement the telematics solutions for heavy fleets. INELO's clients currently include over 10 000 transport companies and 42 controlling institutions throughout Europe. INELO's CEO Magdalena Magnuszewska is expecting the Group to benefit further from strategic expansion.
The Central European leader in the production of labels, Prime Label Group, controlled by the private equity fund Innova/6 SCA §SICAV from the Innova Capital group, has acquired LabelPrint OÜ - a leading Estonian label printing house.
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