3TS Capital Partners Divest from PXP Software

3TS Capital Partners will exit from its majority stake in PXP Software AG. The leading private equity and venture capital firm in Central and Eastern Europe has announced its planned divestment of one of the leading e-business and online marketing services in Austria. After making its initial investment in 2004 with its TCEE Fund, 3TS Capital Partners launched a second round of investments in 2006.

The exact details of the divestment have not been released at this time.

PXP Software (www.pxp.eu)
Based in Austria, PXP Software has been active in the design and development of e-business solutions for over 15 years. The firm works as a top business partner with many large companies throughout the country, offering complete packages of service.

PXP works on a strategic marketing and consulting basis, communications and web-based solutions, integrating graphics and software into existing IT systems as well as competitive and specific tools for each customer.

The firm has over 50 employees.

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 throughout the region with offices in Budapest, Bucharest, Prague, Vienna, and Warsaw.

3TS primarily targets growth capital investments in technology, media, and telecoms. The preferred total investment size is in the range of € 5.0 million to € 15.0 million. 3TS Capital is jointly sponsored by 3i, Sitra, EBRD, KfW, and Cisco.