Innova Capital has acquired a majority stake in Proservice Finteco and 50% of IFDS to strengthen its foothold in Poland’s growing investment fund administration sector.

Information on the Target

Innova Capital has acquired a majority stake in Proservice Finteco, along with a 50% interest in Investment Funds Depositary Services (IFDS). This strategic move enhances Innova Capital's position in Poland’s rapidly growing investment fund administration sector. Proservice Finteco, which was previously owned by Oaktree Capital Management and Cornerstone Investment Management, specializes in providing technology-driven fund administration services to clients including investment and pension funds, insurers, and banks.

With the goal of bolstering its service offerings and client relationships, Innova Capital is poised to introduce innovative solutions that will drive operational efficiency at Proservice Finteco. The acquisition signifies a commitment to harness the potential of high-growth businesses within key economic sectors across Central and Eastern Europe.

Industry Overview in Poland

Poland's investment fund administration market is witnessing significant growth, driven by an increasing demand for managed investment solutions amid global economic uncerta