Case | HBS Case Collection | October 2012 (Revised February 2013)

Innova Capital: The Transition

by Josh Lerner and Ann Leamon


The partners at Innova Capital, a leading mid-market private equity investor in Poland, must negotiate a transition of power between the two ex-patriate founders and three talented young Polish partners. If they fail to find an accomodation, the entire firm will self-destruct. This case explores the long-running process through which they were able to reach an agreement and the different motivations and goals that each partner wanted to achieve.

Keywords: entrepreneurship; private equity; firm structure; venture capital; negotiation; investment; career management; emerging market; succession; Entrepreneurship; Private Equity; Venture Capital; Negotiation; Investment;


Lerner, Josh, and Ann Leamon. "Innova Capital: The Transition." Harvard Business School Case 813-064, October 2012. (Revised February 2013.)