For Release: Prague, 7 October 2013
3TS Capital Partners successfully exits investment in Avangate to Francisco Partners
3TS Capital Partners, one of the leading Private Equity and Venture Capital firms in Central and
Eastern Europe has announced the completion of the 100% sale of its minority investment in
Avangate NV to Francisco Partners of San Francisco CA. In 2011, 3TS partnered with one of the
leading Romanian tech serial entrepreneurs, Radu Georgescu and supported the company growth
and expansion into the US market for Avangate, the agile eCommerce solutions provider trusted
by Software, SaaS and Cloud Services companies to grow their businesses worldwide.
“Our expansion financing and business support have helped Avangate develop, add key people
and enter the US market. As a global challenger in the Software, SaaS, and Cloud Services space,
Avangate has continuously attracted interest from both large enterprise software and SMB
companies looking to grow their business online,” “We look forward to continued investments in
innovative companies and supporting talented entrepreneurs in our region.” said Mr. Daniel Lynch,
Managing Partner of 3TS.
“Since 1999, 3TS Capital Partners has made 37 investments in high growth companies across the
whole CEE region and already successfully exited most. 3TS targets expansion capital and buyout
investments in Technology & Internet, Media & Communications and Technology-Enabled
Services. We believe that the markets in which we have invested for more than 13 years offer
many attractive opportunities. We are very pleased to recently have raised another €103 million of
fresh capital this year, which will enable us to make further investments in innovative companies
and support talented entrepreneurs in our region.” added Mr. Pekka Maki, Managing Partner.
About 3TS Capital Partners
3TS Capital Partners (www.3tscapital.com) is one of the leading private equity and venture capital
firms in Central and Eastern Europe operating in the whole region through offices in Budapest,
Bucharest, Istanbul, Prague, Vienna and Warsaw. 3TS targets investments in technology growth
sectors including Technology & Internet, Software, Media & Communications and TechnologyEnabled
Services. Investors in the 3TS funds totalling over € 300 million include: Cisco, EIF,
EBRD, OTP, Sitra and KfW among others.