Innova Capital goes shopping
Innova Capital Acquires Majority Stake in Proservice Finteco and 50% of IFDS, Strengthening Poland’s Investment Services Sector
In a significant move for Poland’s financial services industry, Innova Capital has acquired a majority stake in Proservice Finteco and a 50% stake in IFDS (Investment Funds Depositary Services S.A.). This acquisition marks a strategic milestone, reinforcing Innova Capital’s commitment to supporting high-growth businesses in critical sectors of the economy.
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A New Chapter for Proservice Finteco and IFDS
Previously owned by Oaktree Capital Management and Cornerstone Investment Management, Proservice Finteco has established itself as a leader in investment fund administration, providing technology-driven solutions for investment funds, pension funds, insurance companies, and banks. The company plays a crucial role in financial product distribution and offers comprehensive operational and technological support to its clients. IFDS, on the other hand, specializes in depositary services for investment funds in Poland. Its focus on secure and efficient fund management has positioned it as a key player in the country’s evolving investment landscape. With Innova Capital’s backing, both companies are set to enhance their service offerings, strengthen client relationships, and expand across Central and Eastern Europe.
A Booming Market and Strategic Growth Plans
Poland’s investment fund administration sector is experiencing rapid growth, fueled by the increasing demand for back-office outsourcing and digital transformation. Innova Capital aims to leverage this momentum by:
Expanding client acquisition efforts and entering new markets.
Enhancing technology-driven solutions to improve efficiency.
Implementing innovative services to raise industry standards.
Strengthening customer trust through operational excellence.
According to Krzysztof Kulig, Senior Partner at Innova Capital, the acquisition aligns with the firm’s strategy of supporting dynamic businesses that set market trends. He emphasized the importance of continuous investment in technology and innovation to ensure sustained leadership in fund administration services.
Katarzyna Marchlewska-Sieczek, Managing Director at Innova Capital, added that Poland’s expanding investment fund market presents a strong growth opportunity. With Proservice Finteco and IFDS at the forefront, the goal is to integrate cutting-edge financial solutions that enhance competitiveness on both domestic and regional levels.
The Road Ahead
For Oaktree Capital Management and Cornerstone Investment Management, the acquisition signifies a successful exit from their investment in Proservice Finteco. Tom Jaggers, Managing Director at Oaktree, highlighted the company’s impressive growth and leadership in fund administration solutions, while Janusz Madurski, Senior Vice President at Cornerstone, expressed confidence in the company’s future under its new ownership.
With Innova Capital at the helm, Proservice Finteco and IFDS are well-positioned to redefine the future of investment services in Poland and beyond. This transaction not only strengthens the country’s financial infrastructure but also sets the stage for technological advancements that will shape the industry for years to come.
