Investment firm Innova Capital takes control of Proservice Finteco, broadening its financial services portfolio in Poland
In a strategic move, Innova Capital, a leading investor in Central and Eastern Europe, has announced its plans to support the growth of Proservice Finteco and IFDS, two key players in Poland's burgeoning investment fund market.
Katarzyna Marchlewska-Sieczek, Managing Director of Proservice Finteco, expressed her enthusiasm for the collaboration, aiming to expand the services offered by both companies. Krzysztof Kulig, Senior Partner at Innova Capital, believes that both Proservice Finteco and IFDS have strong foundations and align with Innova's strategy to support dynamic businesses.
The investment is expected to drive further innovation and efficiency in both Proservice Finteco and IFDS. Proservice Finteco, a technology-driven fund administration solutions provider, and IFDS, specialising in depositary services and facilitating OTC transactions for investment funds, will undoubtedly benefit from Innova's backing.
Innova Capital has acquired a majority stake in Proservice Finteco and 50% of IFDS. The transaction is subject to regulatory approvals from Poland's competition and financial supervision authorities. The acquisition of IFDS is part of Innova's plan to support Proservice Finteco's growth.
Innova Capital's growth strategy includes backing high-growth businesses in key economic sectors across Central and Eastern Europe. While the search results do not explicitly address Innova Capital’s direct acquisitions or strategy within Poland’s investment fund administration sector, the company is actively engaged in multiple acquisitions in Poland and surrounding sectors, reflecting a growth strategy through consolidation and expansion in related industries.
Innova Capital's recent acquisitions in Poland, such as the support for Prime Label Group, indicate an interest in expanding portfolio companies via M&A to enhance market position and operational capabilities. However, the specific impact on market competitiveness or detailed future plans in the investment fund administration sector are not reported.
Innova Capital's Senior Partner, Krzysztof Kulig, will speak at CEE's Largest Private Equity Conference in Warsaw on May 29, 2025, providing an opportunity for further insights into Innova's plans for the investment fund administration sector.
Oaktree Capital and Cornerstone Investment Management have expressed confidence in Proservice Finteco's future under Innova Capital's leadership. The expansion is expected to enhance operational efficiency and reinforce the market-leading positions of Proservice Finteco and IFDS in Poland's investment fund market.
In conclusion, Innova Capital's strategic acquisitions in Poland's investment fund administration sector aim to support the growth of Proservice Finteco and IFDS, bolster the country's investment fund market, and drive further innovation and efficiency. For more detailed insights, consulting specialized financial industry reports or Innova Capital’s direct disclosures would be necessary.
- Innova Capital's acquisition of a majority stake in Proservice Finteco and 50% of IFDS, as part of its growth strategy, indicates a private equity fund's investment in these two key players in Poland's burgeoning investment fund market.
- The strategic move by Innova Capital to back Proservice Finteco and IFDS, with capital from its fund, aligns with its strategy to support dynamic businesses in the Central and Eastern Europe region.
- The growth strategy of Innova Capital includes not only supporting high-growth businesses but also expanding portfolio companies via M&A to enhance market position and operational capabilities.
- The expected benefits from Innova Capital's backing to Proservice Finteco and IFDS include increased operational efficiency and reinforced market-leading positions in Poland's investment fund market.
