Innova Capital acquires 100% of Libet

Innova Capital Sp. z o.o., a private equity firm, has acquired 100% stake in Libet S.A., a manufacturer of concrete paving blocks and stones, from Tarmac International, Inc., a provider of aggregate, asphalt and ready-mixed concrete products.

Both Innova Capital and Libet are based in Poland, while Tarmac is based in the UK.
Libet has 500 employees and generated revenues of PLN250 million ($86.83 million) in 2009.
Deal Type Private Equity
Sub-Category Institutional Buy-out (IBO)
Deal Status Completed: 2010-02-17
Deal Participants
Target (Company) Libet S.A.
Vendor (Company) Tarmac International, Inc.