An investment for a few years
Innova Capital, a private equity fund that operates in Central Europe, purchased 100% of Libet shares from Tarmac. Libet produces and sells sett stones. The value of the deal has not been revealed. Andrzej Bartos, partner at Innova Capital, only said that the purchase was partially financed from a bank loan of PLN 100 million. Innova is planning to increase Libet’s value by three-four times within 3-5 years and then sell it.