New MD for Innova Capital

Innova Capital, the Warsaw-based private equity firm focused on Central Europe, has recruited Andrzej Bartos as a managing director.

Andrzej Bartos has joined Polish private equity firm Innova Capital as a managing director. He assumes responsibility for generating investments in the manufacturing and business services sectors across Central Europe.

Most recently, Bartos spent three years as a director at Dresdner Kleinwort Capital – recently renamed Allianz Specialised Investments – where he was responsible for the firm’s Polish operations. Prior to that, he was executive vice president at BRE Bank Securities in Warsaw where he oversaw equity capital markets and corporate finance related activities. Between 1994 and 1998 he worked for the Polish Development Bank as director of equity capital markets.

Robert Conn, managing partner at Innova Capital, said Bartos brings “an extensive personal network, strengthens our capability in manufacturing, and further deepens our capital markets expertise.”

Innova Capital is the exclusive investment adviser to Poland Partners LP, Innova 98 LP and Innova 3 LP, which provide risk capital for private enterprises located primarily in Poland, Hungary, Slovakia and the Czech Republic. The geographic remit of Innova 3 was expanded to Western Europe, specifically in order to exploit cross-border opportunities between Central Europe, Germany and Scandinavia.             

In July 2004, Innova Capital was part of a private equity consortium that invested €450 million for a 40 percent stake in MobilTel Holding, the Bulgarian mobile telephony operator. The consortium was led by ABN Amro Capital, Citigroup Investments and Communication Venture Partners, and also included Sandler Capital Management, Global Finance and 3TS Venture Partners.