Kochański & Partners has advised Inovo Venture Partners VC fund on its acquisition of shares in SunRoof
Kochański & Partners has advised Inovo Venture Partners VC fund on a transaction involving the acquisition of shares in technology company SunRoof. The investment was made as part of the seed round extension, with Inovo being the lead investor. Other investors participating in the round included other VC funds: SMOK Ventures, LT Capital, EIT InnoEnergy, FD Growth Capital and KnowledgeHub, and also local and international business angels.
Work on the transaction involved a due diligence investigation of the SunRoof companies and negotiation of an investment agreement and shareholders’ agreement. The legal team working on the project comprised: Paweł Mardas, Szymon Balcerzak, dr Katarzyna Barańska, Piotr Gałka, Tomasz Szambelan, Anna Golenia, Michał Giżewski, and Sebastian Woźniak.
“Inovo’s investment is a confirmation of the strong interest in the photovoltaic industry among investors including venture capital funds. The unique solutions offered by Sunroof ensure competitive advantage and high potential for further development of the entire group. This investment is expected to attract other VC funds. We are delighted to be part of such an interesting venture.” – commented Paweł Mardas, head of M&A at Kochański & Partners.
SunRoof is a company offering installation of environment-friendly solar roofs. The group includes a Swedish holding company and companies in Sweden, Norway, Poland and Germany.
Inovo Venture Partners is a venture capital fund supporting technology companies in Poland and Central and Eastern Europe. Through its two funds, Inovo manages assets with a total value of PLN 275 million. Inovo’s portfolio currently includes 16 companies, among others Booksy, Spacelift, Infermedica and SunRoof.