Warsaw-based Innova Capital has purchased a controlling share in Proservice Finteco, a top provider of investment fund administration services. The fund shared the news with AIN in a press release.
About Proservice Finteco
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Proservice Finteco, founded in 1994, was previously owned by funds managed by Oaktree Capital Management, L.P. ("Oaktree") and funds managed by Cornerstone Investment Management.
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The company provides technology-driven services and solutions for investment and pension funds, insurance companies, and banks.
About Innova Capital
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Innova Capital, an independent private equity advisor, was established in 1994 and is investing in majority buyouts of mid-sized enterprises across Central and Eastern Europe.
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Innova Capital has already invested nearly €1.5 billion in approximately 80 companies in 10 countries within the region.
“Poland’s investment fund market is expanding rapidly, and both companies play a crucial role in its development. We are eager to actively support their growth by helping them implement their ambitious plans and integrate cutting-edge solutions that will enhance their competitiveness both domestically and across the region,” added Katarzyna Marchlewska-Sieczek, Managing Director at Innova Capital.
This deal is a key step in advancing Innova Capital's investment strategy, which focuses on supporting high-growth businesses in important economic sectors.
With support from Innova Capital, Proservice Finteco intends to build long-term client relationships based on trust and the highest service standards. The company plans to achieve this by continuing to improve the quality of their services.
