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Rymarz Zdort Maruta and Allen & Overy Advise on CloudFerro Sale of Minority Stake to Innova Capital

Rymarz Zdort Maruta and Allen & Overy Advise on CloudFerro Sale of Minority Stake to Innova Capital

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Rymarz Zdort Maruta has advised the shareholders of CloudFerro on the sale of a minority stake in the company to Innova Capital. Allen & Overy advised Innova Capital.

According to RZM, 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."

According to the same firm, CloudFerro 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."

Innova Capital is an independent private equity advisor operating from Poland and investing in buyouts in mid-sized enterprises doing business in CEE. 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.

The Rymarz Zdort Maruta team included Managing Partner Pawel Zdort, Partner Marcin Serafin, Senior Associate Malgorzata Banaszkiewicz, and Associates Aleksander Jakubisiak, Szymon Rutecki, Alicja Mikos, Magdalena Kazanecka, and Monika Dynowska-Papros.

The Allen & Overy team included Partner Jaroslaw Iwanicki, Counsels Maciej Skoczynski and Justyna Ostrowska, Legal Consultant Malgorzata Dobrzynska - Dabska, Senior Associates Kamil Jablonski and Marcin Ziarkowski, and Associates Pawel Grzesik, Mateusz Kwolek, and Jacek Mainardi.

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