We are pleased to announce that we advised the shareholders of CloudFerro S.A., a leading provider of cloud services to the European space sector, on the sale of a minority stake to Innova Capital. As a result of the transaction, Innova Capital has expanded its presence in the European high-tech sector, and CloudFerro has gained additional support for its further dynamic growth to become a European champion of open source big data cloud computing.
CloudFerro S.A. provides next-generation cloud computing services. The company delivers and operates cloud computing platforms for demanding markets, such as the European space sector, climate research, and science. It is the largest Polish company in the space sector and one of the leaders in its field in Europe. The company has been recognised with the European Earth Observation Company 2023 Award by the European Association of Remote Sensing Companies (EARSC) for outstanding achievements and innovations in the Earth Observation services sector in Europe.
Innova Capital is an independent private equity advisor operating from Poland and investing in buyouts in mid-sized enterprises doing business in Central and Eastern Europe. Since its inception in 1994, Innova Capital has invested close to EUR 1.4 billion in almost 70 companies across 10 countries in the region. Innova has been recognised by the Polish Private Equity and Venture Capital Association (PSIK) as PE Management Firm of the Year 2023.
The transaction team included: Paweł Zdort (managing partner), Małgorzata Banaszkiewicz (senior associate), Aleksander Jakubisiak (associate), Szymon Rutecki (associate) and Alicja Mikos (associate).
Advice on IT and RODO aspects was provided by a team consisting of: Marcin Serafin (partner), Magdalena Kazanecka (associate) and Monika Dynowska-Papros (associate).