2026
Innova Capital sells its stake in OSHEE
Innova/6 private equity fund, part of the Innova Capital group, has announced the sale of its stake in OSHEE, a leading brand of functional beverages and snacks, to the international fund Mid Europa Partners. During nearly seven years of partnership with Innova Capital, the company almost quadrupled its revenue organically, reaching over PLN 750 million in 2025. In the same period, EBITDA increased more than fivefold.
OSHEE is the undisputed leader in the Polish isotonic and vitamin drinks market, offering high-quality, innovative products to consumers. The OSHEE brand enjoys strong consumer loyalty, accompanying customers both during sports activities and in everyday life. The Group also includes the Kinga Pienińska water brand, sourced from one of the cleanest mountain regions in Europe.
Throughout the investment period, OSHEE consistently expanded its product portfolio. The company played a leading role in creating entirely new market segments, including vitamin products and the rapidly developing category of modern hydration solutions in the form of water additives (OSHEE D.I.). At the same time, production capacity under the Kinga Pienińska brand was expanded, accelerating sales growth in the mineral water segment.
In parallel, the Group implemented a comprehensive marketing and sponsorship strategy that strengthened brand recognition and supported dynamic international expansion. The brand’s ambassadors and partners included well-known athletes (including Iga Świątek), musicians (including Mata and Daria Zawiałow), and actors (including Penélope Cruz, ambassador of the Kinga Pienińska brand).
During Innova Capital’s investment period, OSHEE developed and implemented a structured export strategy. The operating model was transformed from one based primarily on local distributors into a network of direct sales structures in key foreign markets, supported by dedicated local marketing strategies. As a result, export sales increased fivefold, and OSHEE achieved market leadership positions in several countries, including Finland, Lithuania, and Bulgaria.
“The history of OSHEE’s development demonstrates how the entrepreneurial talent of its founders, combined with a well-conceived strategy and consistent execution, enabled the creation of a strong brand with global ambitions. We are proud to have supported the company’s growth and its vision of becoming a global leader in the functional products category. We believe that, together with the new investor, OSHEE will continue to strengthen its position in international markets and further expand its product portfolio, delivering unique value to consumers” commented Leszek Muzyczyszyn, Senior Partner at Innova Capital.
Following the sale, OSHEE’s founders, Dariusz Gałęzewski and Dominik Doliński, will retain control of the company and remain actively involved in its development alongside their new partner. In the coming years, OSHEE plans to continue investing in product innovation and international expansion, with particular focus on Western European markets.
The transaction is expected to close following the receipt of customary regulatory approvals and the satisfaction of standard closing conditions.
About OSHEE
OSHEE is a brand of functional beverages and products supporting an active lifestyle. Since its inception, the company has focused on developing innovative solutions in hydration, recovery, and daily supplementation, addressing the needs of both professional athletes and physically active consumers. The OSHEE portfolio includes isotonic drinks, vitamin drinks, energy drinks, protein bars, and dietary supplements. The brand’s products are available in 55 countries worldwide, and their quality and effectiveness are reinforced by numerous partnerships with sports clubs, federations, and individual sports ambassadors.
