3TS Capital To Launch EUR30M Fund Targeting IT&C, Media SMEs

04.26.2011 By Florentina Dragu

Private equity firm 3TS Capital Partners will launch a EUR30 million fund targeting small- and medium-sized enterprises in companies in technology, media and communications sectors, Investment Director Mihai Sfintescu said Friday.

Private equity firm 3TS Capital Partners will launch a EUR30 million fund targeting small- and medium-sized enterprises in companies in technology, media and communications sectors, Investment Director Mihai Sfintescu told Mediafax.

"The European Investment Fund will contribute around 80% of the fund's capital, but not more than EUR17.5 million. The remaining capital will be attracted from local investors, including private pension funds, and from some of the regional banks," Sfintescu said.

He said the fund will target growth capital investments of EUR150,000-EUR2 million in small companies in the IT&C and media sectors.

"We're already holding talks with five companies. The negotiations are at an advance stage with two of the five companies, for investments of around EUR1 million-EUR2 million each," Sfintescu said.

3TS Capital Partners is one of the leading private equity firms in the Central and Eastern Europe and operates in Budapest, Bucharest, Prague, Vienna and Warsaw. 3TS is currently the exclusive advisor to three funds totaling approximately EUR200 million.