Innova Capital holds first close of seventh fund at €220m

Innova Capital has raised over €220m for the first close of its latest fund – Innova/7 – achieving 60 per cent of the fund’s €350m target in just 10 months. The vast majority of the capital was committed by existing investors (LPs) of prior funds.

Commitments have been made by a global investor base, including commercial investors and international financial institutions.

As in the past, Innova will focus on making control investments in companies with enterprise values of EUR 50–150 million, investing equity tickets of EUR 25–40 million.

You can meet Innova Capital and +400 others private equity professionals and LPs at the Poland & CEE Private Equity Conference in May 2023. Learn more here.

Get the week’s top news delivered directly to your inbox – Sign up for our newsletter

The Innova/7 strategy will be based on two key transaction types that have yielded considerable success in the past – Founder Succession and sector consolidation including Innova’s signature Platform+ strategy.

Innova has always maintained a strong focus on Environmental, Social and Governance standards (ESG), and has evolved from a primary emphasis on detection and mitigation of ESG-related risks towards proactively pursuing opportunities connected with responsible investing and sustainability.

Innova is committed to be a pioneer in the field, and ESG will play an even more significant role in the Value Creation Process and strategy for Innova/7.

Source: Private Equity Wire

Can’t stop reading? Read more