2025
Innova Capital acquires majority stake in Proservice Finteco and 50% of IFDS
Innova Capital announces the acquisition of a majority stake in Proservice Finteco Sp. z o.o. ("Proservice Finteco") a leading provider of investment fund administration services, and a 50% stake in Investment Funds Depositary Services S.A. ("IFDS"), a specialist provider of fund depositary services in Poland. This transaction is a key milestone to accelerate the implementation of Innova Capital's investment strategy, which focuses on backing high-growth companies in key sectors of the economy. Proservice Finteco was previously owned by funds managed by Oaktree Capital Management, L.P. ("Oaktree") and funds managed by Cornerstone Investment Management.
Proservice Finteco delivers technology-driven services and solutions for investment and pension funds, insurance companies, and banks. The company supports the distribution of financial products and services, providing comprehensive operational and technological support. With a commitment to innovation, efficiency, and long-term partnerships, Proservice Finteco strives to be the provider of choice for financial institutions seeking tailored solutions. With the strategic support of Innova Capital, the company intends to further improve the quality of its services and focus on building long-term relationships with its clients, based on trust and the highest standards of service.
IFDS specializes in depositary services for investment funds in Poland. As part of its brokerage activities, the company focuses on receiving and transmitting orders, as well as executing OTC transactions on behalf of investment funds. IFDS is dedicated to delivering secure and efficient solutions that inspire confidence among clients and safeguard their assets.
The Polish investment fund administration market is experiencing significant growth, driven by the increasing popularity of back-office outsourcing and long-term economic megatrends. Innova Capital plans to support the further growth of Proservice Finteco and IFDS by intensifying new client acquisition activities, expanding the service portfolio with innovative technology solutions and geographic expansion into new markets in Central and Eastern Europe. A key element of this strategy is to consistently raise service standards and implement innovative solutions that will not only increase customer satisfaction, but also strengthen their long-term relationship with the company.
“Both companies have established strong foundations and distinguish themselves through high-quality services and innovative solutions. Their growth aligns perfectly with our strategy of supporting dynamic businesses. We are committed not only to maintaining our high standards of customer service and operational excellence but also to continuously enhancing them through further investments in technology and innovation. We believe our involvement will drive even greater operational efficiency for both companies, reinforcing their position as market leaders,” said Krzysztof Kulig, Senior Partner at Innova Capital. "Poland’s investment fund market is expanding rapidly, and both companies play a crucial role in its development. We are eager to actively support their growth by helping them implement their ambitious plans and integrate cutting-edge solutions that will enhance their competitiveness both domestically and across the region," added Katarzyna Marchlewska-Sieczek, Managing Director at Innova Capital.
“As the leader in fund administration solutions, ProService Finteco has established itself as a critical part of Poland’s investment management industry ecosystem, with a reputation for high-quality, innovative, tech-enabled services and a strong focus on its clients. Oaktree is proud that our strong partnership with the management team and Cornerstone Investment Management has enabled the company to deliver impressive growth both organically and via strategic acquisitions, laying strong foundations for further expansion. We are confident that with the new group of investors, ProService Finteco is well-positioned for the next chapter of growth,” said Tom Jaggers, Managing Director, and Lukasz Walkowski, Investment Consultant in the European Principal Group at Oaktree.
"We are very pleased with the results of our investment in Proservice. The company’s strong competitive position, favorable market trends, and dedicated leadership have driven its success as expected. We appreciate our partnership with Oaktree and look forward to supporting Proservice in its next stage of growth and success," said Janusz Madurski, Senior Vice President at Cornerstone Investment Management.
The transaction remains subject to regulatory approvals, including clearance from the Office of Competition and Consumer Protection and the Financial Supervision Authority for the acquisition of IFDS.
About Oaktree
Oaktree is a leader among global investment managers specializing in alternative investments, with USD 202 billion in assets under management as of December 31, 2024. The firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, equity, and real estate. The firm has more than 1,200 employees and offices in 23 cities worldwide.
About Cornerstone Investment Management
Founded by Przemysław Krych in 2001, Cornerstone Investment Management oversees EUR 5 billion in private equity investments. With a team of experienced professionals, the company focuses on corporate private equity, private debt, and private equity real estate, leveraging deep expertise, strong industry relationships, and team skills to identify opportunities and generate exceptional returns for investors. Its diverse portfolio spans real estate, IT outsourcing, renewable energy, healthcare, food, green metals, animal care, and financial services. Notable investments include Spravia, Elemental, Ecowipes, Okechamp/Lutece, Luxmed, Avenga, LuxVet Group, and Proservice Finteco.
