The firm bought WP through its acquisition vehicle European Media Holding from Polish Orange subsidiary Telekomunikacja Polska.
Wirtualna Polska is an internet portal, operating as an information, communication and advertising platform in Poland. The firm has more than 3 million users every month.
WP was founded in 1995 and is based in Warsaw.
Both businesses will now operate under the name Grupa Wirtualna Polska (GWP), which will be “on the lookout” for add-on acquisitions in the near future, it said.
Innova financed the acquisiton via its Innova/5 LP fund, which held its final close on €302.09m in 2009. A debt package for the transaction was also provided.
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