European private equity firm Innova Capital has closed its latest fund, Innova/7, raising €407m, surpassing its €350m target and $400m hard cap.
Innova/7 focuses on business and financial services, industrials and consumer & lifestyle, attracting institiutional and commercial support from Polish investors, whose total share in now over 25%, as well as elsewhere in Europe and North America.
The fund’s first investment was a 2023 acquisition of Romanian payment services provider NETOPIA Group. Innova/7 has since invested in multi-brand football merchandise distributor R-GOL; gate and handling systems provider EMI Group; wood-based boards manufacturer Pfleiderer Polska; BHS automation solutions provider Dimark Manufacture; and CloudFerro, a provider of cloud services to the European space sector.
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