Innova Capital exits Libet

Private equity fund Innova Capital has sold its 30 percent stake in construction materials producer Libet to an entity controlled by its managers, the fund said in a statement on Monday. The deal value was not disclosed. The transaction was carried out as a series of block trade deals on the Warsaw Stock Exchange. The SPV owned by Libet’s managers has already been authorized to assume control of the company by the Office of Competition and Consumer Protection. Innova Capital invested in Libet in 2010. It sold a 45-percent stake in the firm in a WSE debut in 2011.