CEE private equity on the fast track
Both individuals and companies are keen to catch up with the rest of Europe. Consequently, the main growth industries tailor to that wealth. Media/telecoms, financial services and consumer industries are the biggest target sectors for CEE private equity. The European Venture Capital Association awarded Innova its deal of the year award in 2007 for the investment in Automotive Components Europe (ACE). The deal was a merger between two auto parts companies, one Polish and one Spanish, acquired by Innova in 2005 and 2006.
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