Innova/6 private equity fund, part of the Innova Capital group, has sold its stake in functional beverages and snacks brand OSHEE, to the international fund Mid Europa Partners. During nearly seven years of partnership with Innova Capital, the company almost quadrupled its revenue, reaching over PLN750m in 2025. In the same period, EBITDA increased more than fivefold.
Throughout the investment period, OSHEE consistently expanded its product portfolio. Innova said that the company played a leading role in creating new market segments, including vitamin products and the rapidly developing category of hydration solutions in the form of water additives.
At the same time, production capacity under the Kinga Pienińska brand was expanded, accelerating sales growth in the mineral water segment. In parallel, the group reportedly implemented a marketing and sponsorship strategy that strengthened brand recognition and supported dynamic international expansion. The brand’s ambassadors and partners included athletes, musicians, and actors.
During Innova Capital’s investment period, OSHEE developed and implemented a structured export strategy. The operating model was transformed from one based primarily on local distributors into a network of direct sales structures in key foreign markets, supported by local marketing strategies. Export sales increased fivefold, and OSHEE achieved market leadership positions in several countries, including Finland, Lithuania, and Bulgaria.
Following the sale, OSHEE’s founders – Dariusz Gałęzewski and Dominik Doliński – will retain control of the company and remain actively involved in its development alongside their new partner. Moving forward, OSHEE plans to continue investing in product innovation and international expansion, with particular focus on Western European markets.
The transaction is expected to close following the receipt of customary regulatory approvals and the satisfaction of standard closing conditions.
