The European Bank of Reconstruction and Development (EBRD) will make a EUR 40 million investment into 3TS CEE Fund III. The regional private equity fund has a target size of EUR 200 million, however, the EBRD will not exceed 20 percent of total aggregate commitments. The fund will maintain the environmental and business standards of the EBRD.
3TS CEE Fund III
3TS CEE Fund III is managed by 3TS Capital Partners. The Fund is designed to seek equity investments into small-to-medium-sized companies operating within the region of Central and South-Eastern Europe.
The main focus will be telecommunications, technology, media, industrials and renewable energy.
The fund is follow-up to a EUR 130 million 3TS CEE Fund II, launched in 2005 under the supervision of 3i Group Plc. 3TS CEE Fund III will be a Jersey limited partnership.
3TS Capital Partners (www.3tscapital.com)
One of the leading private equity and venture capital groups in Central and Eastern Europe, 3TS Capital Partners has offices in Bucharest, Budapest, Prague, Vienna and Warsaw. The company operates three funds worth approximately EUR 230 million. TCEE fund has a value of EUR 66 million. 3TS CEE Fund II is worth EUR 130 million.
The 3TS Cisco Growth Fund was established with a partnership with Cisco. The company advises its investments which primarily operate in the telecommunications, media, technology, marketing, service and environmental sectors with a strong focus in renewable energy. It also provides financing for many companies expanding within the CEE region.
January 15, 2009
Central & Eastern Europe, Fundraising, Private Equity News