Innova Capital Acquires Majority Stake in Proservice Finteco and 50% of IFDS
Deal News | Mar 18, 2025 | Innova Capital
Innova Capital has acquired a majority stake in Proservice Finteco and a 50% stake in IFDS as part of a strategic move to strengthen its presence in Poland's growing investment fund administration market. Proservice Finteco is lauded for its technology-driven services for financial institutions, while IFDS focuses on depositary services for investment funds. The market is benefiting from the increasing trend of outsourcing back-office functions and overall economic growth in the region. Innova aims to further expand these companies' client bases, enhance service offerings with cutting-edge technologies, and explore new geographic markets in Central and Eastern Europe. Key figures at Innova, Oaktree, and Cornerstone Investment Management express confidence in these companies' ability to succeed with enhanced service standards and innovative solutions. The deal is pending regulatory approval.
Sectors
- Investment Fund Administration
- Private Equity
Geography
- Poland – The focus of the acquisition involves companies operating primarily within Poland's investment fund market.
- Central and Eastern Europe – Innova Capital plans to expand the acquired companies' operations into new markets in this region.
Industry
- Investment Fund Administration – The article involves Proservice Finteco and IFDS, both critical players in the investment fund administration sector.
- Private Equity – Innova Capital's acquisition is a key financial strategy relevant to the private equity industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Innova Capital | Acquiring Company | Company | A private equity firm leading the strategic acquisition. |
| Proservice Finteco | Target Company | Company | Specializes in technology-driven services for financial institutions. |
| IFDS | Target Company | Company | Specializes in depositary services for investment funds in Poland. |
| Oaktree | Selling Company | Company | Global investment manager and part of the selling side of the transaction. |
| Cornerstone Investment Management | Other Company | Company | Previous investor in Proservice Finteco. |
| Office of Competition and Consumer Protection | Regulatory Body | Government | Regulatory body required to approve the transaction. |
| Financial Supervision Authority | Regulatory Body | Government | Regulatory authority overseeing the financial industry in Poland, reviewing the transaction. |