Innova VI (IFC-40622)

Countries
  • Poland
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jan 12, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
INNOVA CAPITAL
The holder of the loan, grant, or other investment.
Sectors
  • Communications
  • Education and Health
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 23.79 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 20
Converted using 2017-12-01 exchange rate.
Project Cost (USD)
$ 356.79 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported 300
Converted using 2017-12-01 exchange rate.
Primary Source

Original disclosure @ IFC website

Updated in EWS Dec 7, 2017

Disclosed by Bank Dec 1, 2017


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Project Description
This project provides an equity investment in the Innova 6 SCA/SICAV, a closed-end private equity fund, domiciled in Luxembourg. The Fund will have a primary focus on financial services, telecom/technology, business services, manufacturing, consumer, healthcare, and retail.
Investment Description
  • International Finance Corporation (IFC)
Private Actors
The Fund will be advised by Innova Capital Sp. z o. o. Sp. komandytowa ("Innova" or the "Manager"), a limited liability partnership with headquarter in Warsaw, Poland.
Contact Information
Innova Capital Ms. Katarzyna Kaczmarek Head of Investor Relations +48 225449400 kkaczmarek@innovacap.com 00-124 Warsaw, Poland www.innovacap.com ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/