RealDeals 17 May 2017
Innova Capital, the CEE-focused private equity house, has acquired a 75 per cent stake in Poland-based office seating manufacturer Profim.
Two of the founders of Profim, including its chief executive officer Ryszard Rychlik, will continue as shareholders.
In 2016 Profim generated around PLN470m (€112.12m) of revenues, of which 70 per cent were delivered through exports.
The company’s distribution network includes over 1,000 dealers in 30 countries.
This is the tenth founder succession transaction executed by Innova Capital in recent years. A similar model was applied to deals including Dom Finansowy QS, Marmite, Neomedic, Mercor and Donako.
“Founder succession deals are the core transaction type for Innova,” senior partner Andrzej Bartos said.