Mon, Sep 20, 2021
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

CEE-focused Innova closes the sixth fund on $300m

Friday, September 06, 2019

Laxman Pai, Opalesque Asia:

Central and Eastern Europe (CEE)-focused PE firm Innova Capital has pulled in EUR271m ($300m) for the final close of its sixth buyout fund Innova/6.

Over 60% of the committed capital came from prior fund participants, with remaining commitments provided by new investors. The Poland-anchored fund has received backing from institutional and commercial players from Europe and North America.

"Apart from our existing and new LPs, institutions, entrepreneurs, and family offices, we have received the strong endorsement from our first Polish institutional investor (PFR FF FIZ)," says Krzysztof Kulig, Senior Partner, responsible for the fundraising process.

Innova/6 follows the same strategy as previous funds through investments and co-investments in medium-sized companies with enterprise value typically ranging from EUR 50m to EUR 150m.

Target sectors include financial and business services, TMT, manufacturing, consumer products and services, healthcare and retail. The investment period is set for 4 years (fund term 8 years).

The fund's investment strategy focuses on Innova's two signature deal types: Founder Succession and a Platform+ consolidation, involving the combination of two companies at inception and leveraging the income and cost synergies for further add-on acquisitions.

Innova has a track record of investment across 10 countries with over EUR 900m raised and more than 50 deals invested. Innova has already completed f......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SPACs: The fall of the SPAC market has digital media companies in disagreement about best path forward, Cannae Holdings: SPAC bloodbath provides a good entry point, British car startup Cazoo raises $1bn from SPAC merger, Europe's incoming SPAC boom will create a demand for talent[more]

    The fall of the SPAC market has digital media companies in disagreement about best path forward From CNBC: The digital media industry has reached a strategic crossroads. Earlier this year, special purpose acquisition vehicles (SPACs) appeared to be the long-awaited savior of digital me

  2. Property: Real estate's new moneymaker is not design-driven, it's alternative, Two Sigma building quant tools to hunt real estate bargains[more]

    Real estate's new moneymaker is not design-driven, it's alternative From Forbes: There has been a recent shift of attention in the real estate market as to the types of investments which make the strongest returns. In the past, it's always been a combination of good design, prim

  3. PE/VC: Private equity GPs, LPs alike working on diversity and inclusion, Chinese regulator vows to crack down on private equity, venture capital funds, The VC playbook for portfolio companies: learning from the Covid-19 crisis[more]

    Private equity GPs, LPs alike working on diversity and inclusion From PIonline.com: Private equity general partners and limited partners are doing more to increase diversity in private markets, according to a report released Tuesday by the Institutional Limited Partners Association.

  4. PE/VC: Private equity continues to lead fund closings, Venture capital firms are fighting to throw money at cleantech[more]

    Private equity continues to lead fund closings From PIonline.com: Among private fund closings, private equity funds have led the pack starting in 2011, based on data collected by Pensions & Investments. During those years, private equity's share has ranged from 56% to 72% of the total

  5. PE/VC: Climate tech is hot, but VCs can't forget about water, Five top trusts to tap into the private equity boom[more]

    Climate tech is hot, but VCs can't forget about water From Crunch Base: "It is unequivocal that human influence has warmed the atmosphere, oceans, and land." These fiery words come from the latest landmark U.N. report detailing intensifying, universal climate change impacts. They cover