M&A Deal Summary

Innova Capital Acquires Tutore

On August 13, 2024, private equity firm Innova Capital acquired education company Tutore

Acquisition Highlights
  • This is Innova Capital’s 1st transaction in the Education sector.
  • This is Innova Capital’s 50th transaction in Poland.

M&A Deal Summary
Date 2024-08-13
Target Tutore
Sector Education
Buyer(s) Innova Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Tutore

Łódź, Poland
Tutore is a private education platform operating under the eTutor, ProfiLingua, and Tutore brands. The company serves both the B2C channel, with 55,000 active customers, and the B2B channel, with more than 2,500 companies and 350,000 customers of educational services in this segment. Its business customers include companies such as Jeronimo Martins, Lidl, Santander Consumer Bank, ING, Volkswagen Polska, and more. Tutore was formed in 2017 and is based in Łódź, Poland.

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Buyer(S) 1

Buyer

Innova Capital

Warsaw, Poland

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 1.6B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Innova Capital is a private equity firm focused on investment opportunities in Central Europe. Innova generally looks to invest in businesses operating in Poland, Hungary, the Czech Republic, however the firm will also consider companies operating in bordering areas, such as the Nordic Countries, as well as Germany and Austria. Target sectors include business services, specialist media, financial services, and telecom. Innova seeks to commit between €25 to €40 million of equity capital per transaction. The Firm's investment horizon is three to five years. Innova Capital was formed in 1994 and is based in Warsaw, Poland.

DEAL STATS #
Overall 68 of 68
Sector (Education) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 46 of 46
Country (Poland) 50 of 50
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-26 Dimark

Złotkowo, Poland

Dimark is a provider of proprietary industrial automation solutions, focused on Baggage Handling Systems (BHS). The company also provides intralogistics solutions for distribution centers. Dimark is based in Złotkowo, Poland.

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