Innova finalizes acquisition of ePłatności

Private equity firm Innova Capital, together with its partner OPteam has finalized the acquisition of e-payment company Centrum Rozliczeń Elektronicznych ePłatności (PeP) from Polish Security Printing Works (PWPW).

OPTeam, an IT company listed on the Warsaw Stock Exchange, signed an agreement on June 23, 2016 to purchase 50 percent of the shares in PeP, which gives 58.84 percent of voting rights at general meeting. Next, in accordance with an earlier agreement, OPTeam sold 75 percent of the shares in the company to Innova Capital, which simultaneously undertook to recapitalize PeP.

The conditional deal signed earlier valued the 50 percent stake at PLN 70 million.