3TS Capital Partners, one of the leading Private Equity and Venture Capital firms in Central and Eastern Europe announced the €103 million ($136 million) first closing of its latest fund to continue focusing on growth capital investments primarily in the broader TMT sectors including Technology & Internet, Media & Communications and Technology-Enabled Services.

“Even if the market environment continues to be challenging, this is turning out to be a terrific year for 3TS. After the SolveDirect and Investor.bg trade sales in the spring, we are currently advancing another two successful exits. This more than €100 million first closing of a technology focused fund is a great achievement in today´s Europe and signals a strong outlook for both our region and the technology sector", said Mr. Pekka Mäki, Managing Partner of 3TS.

“Now with the new fund closed we can continue supporting high growth companies through expansion capital and buyout investments. We have very solid Local Leaders and ambitious Global Challengers in our pipeline throughout the region", added Mr. Zbigniew Łapiński, Partner.

The 3TS TCEE Fund III was subscribed by key institutional Limited Partners including Cisco, the European Bank for Reconstruction and Development (EBRD), the European Investment Fund (EIF) and OTP Bank. Due to further LP demand 3TS is planning to admit a small number of new fund investors in the subsequent closings over the next months. With this new fund the firm´s total accumulated assets exceed €300 million.

The active portfolio of 3TS currently includes 11 companies such as ClickAd and Rankomat in Poland, Avangate from Romania, BKS in the Czech Republic, eCift in Turkey and Piano Media from Slovakia. 3TS plans to continue investing in 3-5 companies per year across the whole CEE region from Baltics to Turkey with focus on expansion financing ranging from €2 to €10 million per company with smaller and larger investments done in exceptional cases.

About 3TS Capital Partners
3TS Capital Partners (www.3tscapital.com) is one of the leading private equity and venture capital firms in Central and Eastern Europe operating in the whole region through offices in Budapest, Bucharest, Istanbul, Prague, Vienna and Warsaw. 3TS targets investments in growth sectors including Technology & Internet (Software, Hardware, Mobile, Ecommerce, Social, etc.), Media & Communications and Technology-Enabled Services (Consumer and Business Services, Healthcare Services, etc.). Investors in the current and earlier 3TS funds totalling over € 300 million include Cisco, EIF, EBRD, OTP, Sitra, 3i and KfW among others.

3TS Capital Partners, 3TS and the 3TS logo are registered trademarks or trademarks of 3TS Capital Partners Ltd. and/or its affiliates.

More Information Please contact Zbigniew Łapiński, Partner zlapinski@3tscapital.com / +48-600-308-500 or Managing Partner Pekka Mäki pmaki@3tscapital.com /. +43-660-3133325.