3TS Capital Partners, one of the leading Private Equity and Venture Capital firms in Central and Eastern Europe has announced the completion of the 100% sale of its minority investment in Avangate NV to Francisco Partners of San Francisco CA. In 2011, 3TS partnered with one of the leading Romanian tech serial entrepreneurs, Radu Georgescu and supported the company growth and expansion into the US market for Avangate, the agile eCommerce solutions provider trusted by Software, SaaS and Cloud Services companies to grow their businesses worldwide.

“Our expansion financing and business support have helped Avangate develop, add key people and enter the US market. As a global challenger in the Software, SaaS, and Cloud Services space, Avangate has continuously attracted interest from both large enterprise software and SMB companies looking to grow their business online," “We look forward to continued investments in innovative companies and supporting talented entrepreneurs in our region." said Mr. Daniel Lynch, Managing Partner of 3TS.

Since 1999, 3TS Capital Partners has made 37 investments in high growth companies across the whole CEE region and already successfully exited most. 3TS targets expansion capital and buyout investments in Technology & Internet, Media & Communications and Technology-Enabled Services. We believe that the markets in which we have invested for more than 13 years offer many attractive opportunities. We are very pleased to recently have raised another €103 million of fresh capital this year, which will enable us to make further investments in innovative companies and support talented entrepreneurs in our region." added Mr. Pekka Maki, Managing Partner.

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 technology growth sectors including Technology & Internet, Software, Media & Communications and Technology-Enabled Services. Investors in the 3TS funds totalling over € 300 million include: Cisco, EIF, EBRD, OTP, Sitra 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