Innova Capital raises €324M for the Innova/7 fund

The leading Central and Eastern European private equity firm Innova Capital has announced raising €324 million in the interim closing of its Innova/7 fund. The fund focuses on sectors such as industry, business/financial services, the consumer lifestyle products, and services market.

• Established in 1994, Innova Capital has the objective of investing in controlling stakes of mid-sized companies in the CEE region. The firm has headquarters in Warsaw, as well as 134 investments in its portfolio.

“Over the past few months, we have been very much focused  on continuing to fundraise and showing the investors the huge potential of Innova’s investment strategy. We are clearly in for an intense but interesting time ahead as we look to close the seventh fund and continue working on the deployment of the capital entrusted to us. The first transaction has already been successfully completed, and we are keen to finalise the next two – which we are currently working on – by the end of the first half of the year,”

Krzysztof Kulig, Senior Partner comments.

• In May 2023, Innova made its first investment from the Innova/7 fund. The firm acquired the majority stake in NETOPIA Group, a Romanian payment services provider. To date, Innova fully divested five funds, with nine investments within Innova/6.
• The amount raised for Innova/7 represents more than 90% of the target set at €350 million.
• Innova will continue to fundraise in the coming months, while working on new investment opportunities.