After a six-year cycle, Innova Capital has decided to sell its 70 per cent stake in Polish industrial parts manufacturer Donako.
Co-owner Franciszek Zeleznik of Zeleznik Industrie Consulting has also
sold his stake in the company. The trade sale was made to Austrian
industry player Rudolf Weinberger Holding, and puts the company’s value
at under EUR50 mln. The original investment was made in 2006, when
Innova took the stake of Zeleznik’s co-owners in the company. Since then
the company’s turnover has increased by over 30 per cent – from under
EUR30 mln in 2006 to more than EUR40 mln in 2012.
Donako (www.donako.com.pl)
Donako is a Polish manufacturer of
industrial parts founded in 1947 – originally as DZWME Dolmel. Initially
a part of ABB, an engineering firm based in Sweden, Donako was spun off
in 2000. Founded by Franciszek Zeleznik, the company primarily targets
the energy sector, leveraging its electromagnetic steel processing
towards manufacturing parts and tools for electric motors and
generators. Recent data shows a turnover of EUR40 mln, and the
manufacturing firm has doubled its EBITDA over the last six years. It
currently employs about 400 people at its facility in Wroclaw, and
primarily s
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