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.
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.
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.
Read more: Private Equity Wire
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