La Fantana goes to Innova Capital for EUR 35 million

Newsroom 17/08/2007 | 17:03

The shares have been acquired by the private equity firm Innova Capital for some EUR 35 million, as one of several investments the company intends to make on the Romanian market.

“Our company targets investment opportunities in telecommunications, IT, financial services, media and production,” said Krzysztof Krawczyk, partner within Innova Capital, in charge of the transaction.

Innova Capital is one of the main private equity firms in Central Europe, managing four investment funds: Poland Partners, Innova/98, Innova/3 and Innova/4 worth of EUR 500 million capital investment.

Oresa Ventures is currently negotiating EUR 40 million worth of investments on the local market and plans some EUR 100 million in transactions in the next three years to buy some Romanian companies.

La Fantana registered EUR 15 million turnover in 2006 and plans some EUR 20 million turnover in 2007, ending Q1 with EUR 4 million in earnings, according to Cristian Amza, founder and general director of La Fantana Group.