Private Equity and Growth Capital Investment in Evolving Europe
Private Equity and Growth Capital Investment in Evolving Europe
Private Equity and Growth Capital Investment in Evolving Europe
Private Equity and Growth Capital Investment in Evolving Europe

Partners
Team Members
countries covered
€
+
millions invested
Partners
Partners
Team Members
Team Members
countries covered
countries covered
€
€
+
+
millions invested
millions invested
About Us
About Us
About Us
Integral Capital Group is the leading mid-market private equity platform in Central and Eastern Europe. With 100+ years of combined partner experience and local teams across key markets, we drive value through strategic growth and transformation. Integral advises and manages institutional capital with investor base comprising of leading institutional investors such as the EIF, EBRD and IFC, as well as successful international entrepreneurs and family offices. Integral’s investment strategy is tailored to fit each sub-region and multitude of deal types. Integral has developed Robust institutional processes for investment assessment,execution processes and operational backbone. We are operating out of hubs in London, Budapest, and Belgrade with local presence in additional four key cities across the region.
Integral Capital Group is the leading mid-market private equity platform in Central and Eastern Europe. With 100+ years of combined partner experience and local teams across key markets, we drive value through strategic growth and transformation. Integral advises and manages institutional capital with investor base comprising of leading institutional investors such as the EIF, EBRD and IFC, as well as successful international entrepreneurs and family offices. Integral’s investment strategy is tailored to fit each sub-region and multitude of deal types. Integral has developed Robust institutional processes for investment assessment,execution processes and operational backbone. We are operating out of hubs in London, Budapest, and Belgrade with local presence in additional four key cities across the region.
Integral Capital Group is the leading mid-market private equity platform in Central and Eastern Europe. With 100+ years of combined partner experience and local teams across key markets, we drive value through strategic growth and transformation. Integral advises and manages institutional capital with investor base comprising of leading institutional investors such as the EIF, EBRD and IFC, as well as successful international entrepreneurs and family offices. Integral’s investment strategy is tailored to fit each sub-region and multitude of deal types. Integral has developed Robust institutional processes for investment assessment,execution processes and operational backbone. We are operating out of hubs in London, Budapest, and Belgrade with local presence in additional four key cities across the region.
Team
Team
Team

As Managing Partner and Architect with over 15 years of experience, John oversees large-scale urban development projects from start to finish. His specialization is high-rise mixed-use complexes that redefine skylines.
Stefan Tzvetkov
Founding Partner

As Managing Partner and Architect with over 15 years of experience, John oversees large-scale urban development projects from start to finish. His specialization is high-rise mixed-use complexes that redefine skylines.
Stefan Tzvetkov
Founding Partner

As Managing Partner and Architect with over 15 years of experience, John oversees large-scale urban development projects from start to finish. His specialization is high-rise mixed-use complexes that redefine skylines.
Stefan Tzvetkov
Founding Partner

As Managing Partner and Architect with over 15 years of experience, John oversees large-scale urban development projects from start to finish. His specialization is high-rise mixed-use complexes that redefine skylines.
Stefan Tzvetkov
Founding Partner

As Managing Partner and Architect with over 15 years of experience, John oversees large-scale urban development projects from start to finish. His specialization is high-rise mixed-use complexes that redefine skylines.
Barna Papay
Partner

As Managing Partner and Architect with over 15 years of experience, John oversees large-scale urban development projects from start to finish. His specialization is high-rise mixed-use complexes that redefine skylines.
Barna Papay
Partner

As Managing Partner and Architect with over 15 years of experience, John oversees large-scale urban development projects from start to finish. His specialization is high-rise mixed-use complexes that redefine skylines.
Barna Papay
Partner

As Managing Partner and Architect with over 15 years of experience, John oversees large-scale urban development projects from start to finish. His specialization is high-rise mixed-use complexes that redefine skylines.
Barna Papay
Partner

As Managing Partner and Architect with over 15 years of experience, John oversees large-scale urban development projects from start to finish. His specialization is high-rise mixed-use complexes that redefine skylines.
Marko Hinic
Partner

As Managing Partner and Architect with over 15 years of experience, John oversees large-scale urban development projects from start to finish. His specialization is high-rise mixed-use complexes that redefine skylines.
Marko Hinic
Partner

As Managing Partner and Architect with over 15 years of experience, John oversees large-scale urban development projects from start to finish. His specialization is high-rise mixed-use complexes that redefine skylines.
Marko Hinic
Partner

As Managing Partner and Architect with over 15 years of experience, John oversees large-scale urban development projects from start to finish. His specialization is high-rise mixed-use complexes that redefine skylines.
Marko Hinic
Partner

As Managing Partner and Architect with over 15 years of experience, John oversees large-scale urban development projects from start to finish. His specialization is high-rise mixed-use complexes that redefine skylines.
Evtim Chesnovski
Partner

As Managing Partner and Architect with over 15 years of experience, John oversees large-scale urban development projects from start to finish. His specialization is high-rise mixed-use complexes that redefine skylines.
Evtim Chesnovski
Partner

As Managing Partner and Architect with over 15 years of experience, John oversees large-scale urban development projects from start to finish. His specialization is high-rise mixed-use complexes that redefine skylines.
Evtim Chesnovski
Partner

As Managing Partner and Architect with over 15 years of experience, John oversees large-scale urban development projects from start to finish. His specialization is high-rise mixed-use complexes that redefine skylines.
Evtim Chesnovski
Partner
our Investments
our Investments
our Investments
Consistently focused strategy over multiple vintages adapting to an evolving market
Consistently focused strategy over multiple vintages adapting to an evolving market
Consistently focused strategy over multiple vintages adapting to an evolving market
Evolving Europe Principal Investments Fund I:
Vintage
2020
Investments
12
Sector Focus
Consumer, Business Services,
Healthcare, Industrials, TMT
Status
Closed
Evolving Europe Principal Investments Fund II:
Vintage
2024
Investments
1
Sector Focus
Consumer, Business Services,
Healthcare, Industrials, TMT
Status
Open
EU Partnership
EU Partnership
EU Partnership
Integral Capital Group’s investments via the Evolving Europe Principal Investments I and Evolving Europe Principal Investments II are backed by different programmes of the European Union:
• European Fund for Strategic Investments (EFSI),
• Programme for the Competitiveness of Enterprises and small and medium enterprises (COSME),
• NextGenerationEU with the financial backing of the Government of Romania (Romania Recovery Equity Fund), and the Government of Bulgaria (Bulgaria Recovery and Resilience Plan)
Integral Capital Group’s investments via the Evolving Europe Principal Investments I and Evolving Europe Principal Investments II are backed by different programmes of the European Union:
• European Fund for Strategic Investments (EFSI),
• Programme for the Competitiveness of Enterprises and small and medium enterprises (COSME),
• NextGenerationEU with the financial backing of the Government of Romania (Romania Recovery Equity Fund), and the Government of Bulgaria (Bulgaria Recovery and Resilience Plan)
Integral Capital Group’s investments via the Evolving Europe Principal Investments I and Evolving Europe Principal Investments II are backed by different programmes of the European Union:
• European Fund for Strategic Investments (EFSI),
• Programme for the Competitiveness of Enterprises and small and medium enterprises (COSME),
• NextGenerationEU with the financial backing of the Government of Romania (Romania Recovery Equity Fund), and the Government of Bulgaria (Bulgaria Recovery and Resilience Plan)
Sustainability
Sustainability
Sustainability
Integral acknowledges the impact we all have on the environment and society.
Beyond financial performance we seek to be responsible investors in our portfolio companies.
Environmental, Social and Governance (ESG) considerations impact the way in which we manage our company, our investment decisions, and our management of portfolio companies.
Integral acknowledges the impact we all have on the environment and society.
Beyond financial performance we seek to be responsible investors in our portfolio companies.
Environmental, Social and Governance (ESG) considerations impact the way in which we manage our company, our investment decisions, and our management of portfolio companies.
News
News
News
Read the latest updates about our investments and funds
Read the latest updates about our investments and funds
Read the latest updates about our investments and funds
Contact
Contact
Contact
Advisory Office - Budapest
Advisory Office - Belgrade
General Partner - Luxembourg

Advisory Office
Budapest
Advisory Office - Budapest
Advisory Office - Belgrade
General Partner - Luxembourg

Advisory Office
Budapest

Advisory Office
Budapest

Advisory Office
Budapest

Advisory Office
Belgrade

Advisory Office
Belgrade

General Partner
Luxembourg

General Partner
Luxembourg

Advisory Office
Belgrade

Advisory Office
Belgrade

General Partner
Luxembourg

General Partner
Luxembourg


