3i acquired through 3TS capital Partners a 30% stake in Romprest Service S.A., the Romanian leading cleaning and facilities management group. The seller was Detaco LLC, controlled by domestic businessmen, which sold 30% and retained 60%. The rest of the shares (10%) are held by the Compania Nationala Aeroportul Henri Coanda Bucuresti S.A.
Romprest Service S.A. (www.romprest.ro)
Romprest Service is a Romanian market leading facilities and waste management company active in three major fields: (1) Cleaning of industrial and domestic complexes; (2) Waste management services; (3) Road repair & maintenance. Amongst many public and private sector contracts, the Company provides integrated security and facilities management services for the Bucharest Otopeni International Airport.
In 2005, Romprest Service had sales of € 16.7 million and a net profit of € 0.9 million. End of 2005, the Company employed 1,800 people.
3TS Capital Partners (www.3tscapital.com)
3TS Capital Partners is one of the leading private equity and venture capital firms in Central and Eastern Europe operating in the region through offices in Budapest, Bucharest, Prague, Vienna and Warsaw.
3TS is the exclusive adviser of funds totalling € 166 million targeting investments in growth sectors including technology, media and communications, clean-tech and business services. Investors in the Funds include 3i, Sitra, EBRD and KfW among others.
16/07/2007
Central & Eastern Europe, Energy and Utilities, Investment, Private Equity News, Romania, Services