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Partners

Partners

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Team Members

Team Members

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countries covered

countries covered

0

+

+

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

EEPI I is backed by the EU through EFSI and COSME’s Equity Facility for Growth.

EEPI II is supported by NextGenerationEU, with funding from the governments of Bulgaria and Romania under their respective Recovery Plans.

EEPI I is backed by the EU through EFSI and COSME’s Equity Facility for Growth.

EEPI II is supported by NextGenerationEU, with funding from the governments of Bulgaria and Romania under their respective Recovery Plans.

EEPI I is backed by the EU through EFSI and COSME’s Equity Facility for Growth.

EEPI II is supported by NextGenerationEU, with funding from the governments of Bulgaria and Romania under their respective Recovery Plans.

INTEGRAL Capital Group | ©2025 All Rights Reserved.

INTEGRAL Capital Group | ©2025 All Rights Reserved.

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