Innova Capital tookover Provus Services Provider and RomCard Private Equity fund Innova Capital took over 96% of the shares of Provus Services Provider and its subsidiary, RomCard from Turkven Private Equity and a consortium of Turkish investors, a press release of the company reads.
This is Innova’s third direct transaction in Romania after the acquisition of Orange Telecom in 1999 which it sold to France Telecom and after it took over La Fantana in 2008. Provus and RomCard are one of the most important suppliers of credit cards, for providing operations of ATM and POS transactions, switching and e-commerce services and are on the market for more than ten years.
