3TS Capital Partners Sells CMU Majority Stake to Advent International

In a move that brings an end to a three-year investment, 3TS Capital Partners/3i has agreed to sell its majority stake in Romanian medical services company Centrul Medical Unirea (CMU) to Advent International. Joining the sale are CMU’s founders who own a minority stake.

Centrul Medical Unirea (www.cmu.ro)
CMU is a Romanian medical services company established in 1995 by Dr. Wargha Enayati. CMU’s 19 clinics provide ambulatory, inpatient, maternity and surgical services in Bucharest and four other major cities. With consistent expansion of available services, the company also has begun offering some hospital services as well as a stem cell bank and diagnostic imaging.

As of 2007 CMU carried more than 35,000 subscribers through individual company plans as well as a large number of pay-as-you-go customers.

CMU is based in Bucharest and employees more than 500 individuals.

Advent International (www.adventinternational.com)
Founded in 1984, Advent International is one of the world’s leading global buyout firms, with buyout offices operating in 23 countries. Since inception, The Company’s strategy is based primarily on buyout opportunities and turnarounds in a variety of sectors. Advent employs 280 people including 140 investment professionals.

Advent International has been investing across Central & Eastern Europe since 1994 and has local offices in Warsaw, Prague, Bucharest and Kiev. In April 2008, the firm announced the closing of its fourth fund for the region, ACEE IV, at € 1 billion.

Advent’s interest in the health care sector goes back more than twenty-five years, having made more than thirty investments around the world. Their strategy of acquisition and consolidation of fragmented industries has provided opportunities for projects in health care services, medical devices, and pharmaceuticals.