NEWS

Innova Capital to take up 33% of shares in OSHEE, the leader of the Polish isotonic and functional drinks market.

The Polskie ePłatności have started the rebranding of their e-commerce part, which until now has been present on the market as the PayLane. The changes are only aimed at harmonization of the communication of the group in terms of its image. In March 2018, PayLane joined the Polskie ePłatności group which is one of the fastest growing and most modern companies on the Polish market for cash free payments.

Innova Capital, a leading private equity fund in Central and Eastern Europe, has confirmed the first close of its Innova/6 fund at EUR 194m, thereby significantly exceeding the minimum target of EUR 150m. At the same time, within twelve months up to the first close, Innova has achieved as much as 60% of the hard cap set out at EUR 325m.

Innova Capital, a leading private equity fund in Central and Eastern Europe has executed another transaction pertaining to this portfolio company. As its majority shareholder, the fund has made a strategic decision regarding Profim's further growth. This leading Polish manufacturer of office chairs is to join the Norwegian Flokk Group, which ownsa host of reputable office furnishing brands. As a result of this transaction, Innova will become Flokk's largest minority shareholder.

Jarosław Mikos has been appointed as the new President of the Management Board of Polskie ePłatności SA. Janusz Diemko resigned from the position after eighteen months of managing the company.

Innova Capital, a leading Central European private equity fund, is to acquire a 75% stake in Inelo and OCRK, a leading technology-based player active in drivers' work time management systems for the transportation industry. As a result of this transaction, the fund will also gain exposure to the attractive telematics space.