3TS Capital Partners, a CEE-focused growth capital firm, has acquired a 16.77 percent stake in online media company Investor.bg. 3TS Capital Partners made the purchase of the Bulgarian-listed company using the firm’s 3TS Cisco Growth Fund, established in November 2007 with Cisco Systems Inc. The purchase was made at USD 8.2 per share to the total sum of USD 1.6 million. Investor.bg plans on retaining its existing management and employee structure.
Investor.bg (www.investor.bg)
Investor.bg was founded in 2000. The company reaches more than 54 percent of Bulgaria’s internet users with its 16 different media sites including Blog.bg, Dnes.bg, Snimka.bg, Start.bg and Tialato.bg. In 2004, the company was listed on the Sofia Stock Exchange. The website has become one of the largest investment research sites in the CEE. Investor.bg has seen a 230 percent increase in revenue over the past two years.
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.
February 10, 2009
Bulgaria, Central & Eastern Europe, Investment, Private Equity News