Fund Innova Capital takes over EnergoBit group

Private equity investment fund Innova Capital has acquired 52.8 percent of EnergoBit group, with operations in the electrical engineering services in Romania, according to a statement of EnergoBit company.

Following the purchase transaction, the fund, which invests in middle-sized companies in  CEE region became majority shareholder within the group entered the energy market and estimates significant investments in Romania and CEE region in the following years. The transaction has been run together with BERD and has been assisted by consultancy companies Clifford Chance Badea, Roland Berger and Ernst & Young.

Find more on the subject in the Romanian version of the news here