For Release: Prague, Czech Republic – October 18, 2016
3TS Capital Partners, a European technology growth capital investor, has announced the 100% sale of Nej.cz, one of the leading cable TV and Internet service providers in Czech Republic. Nej.cz has been acquired by Kaprian Industrial Holding, a Czech investment group. 3TS concluded the first investment in Nej.cz in 2008 and participated in further rounds of funding in subsequent years.
Nej.cz was established in 2008 to consolidate independent cable TV and internet service providers throughout Czech Republic and went through an in-depth transformation by offering faster internet connectivity as well as better digital TV programs to its customers. Since its launch Nej.cz used the market opportunity to consolidate number of local networks in add-on acquisitions, created a critical mass of subscribers and multiplied its revenue and profitability.
“We at 3TS are delighted to have contributed to a successful roll-out of Nej.cz operations across the Czech market including number of add-on acquisitions. We are glad that all shareholders were able to realize substantial positive return on their investment.” said Daniel Lynch, Senior Advisor for 3TS Capital Partners.
“Nej.cz story confirms that with strong execution and sufficient financial backing a company can grow from early beginnings to become one of the important players in cable TV and ISP sector. We wish the Company and its management continued success going forward.” commented Jiri Benes, Partner at 3TS Capital Partners.
White & Case Prague acted as the legal advisor and Deloitte acted as the corporate finance advisor to the selling shareholders of Nej.cz.
About Nej.cz
Nej.cz is one of the leading cable TV and Internet service providers in Czech Republic active on the market since 2008. Nej.cz operates in more than 50 cities providing services to 70,000 households.
About 3TS Capital Partners
3TS Capital Partners is one of the leading European technology focused private equity and venture capital firms. 3TS provides expansion capital and buyout funding for small and medium-sized businesses in growth sectors including Technology & Internet, Media & Communications and Technology-Enabled Services. Investors in the current and past 3TS funds totaling over €300 million include EIF, EBRD, Cisco, OTP, Sitra, 3i and KfW among others.
For further information, please visit www.3tscapital.com
Media Contacts:
Jiri Benes
Partner
3TS Capital Partners
jbenes(at)3tscapital.com