Mid-market private equity firm Innova Capital has exited its investment in Donako, which has been sold to Rudolf Weinberger Holding.
Innova and and investment group Zeleznik Industrie Consulting, which
is owned by Donako’s chairman and co-founder Franciszek Zeleznik,
collectively owned 100 per cent of the company prior to the disposal.
Wroclaw-based Donakomanufactures high precision laminations and
special tools for electric generators and large-sized motors. The
company was previously a subsidiary of ABB and Alstom.
Rudolf Weinberger is the parent company of Eisenwerk Sulzau-Werfen R.
& E. Weinberger, an Austrian manufactures of high precision steel
cylinders.
Joanna Simonowicz, managing director of Innova Capital, said, “I
strongly believe that Donako with its expertise in energy component
manufacturing and highly qualified labor force represents a great entry
to Poland for RWH.
“We recognised very early in that RWH had both the right approach and
vision for DONAKO’s future, which led to mutual trust and ultimately
closing the deal.”
Some of the recent deals in Poland included a €2.2m investment in Polish wooden pallet specialist EP Serwis from Enterprise Investors.
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