3TS Capital Partners Successfully Exits Investment in H88

3TS Capital Partners, a leading European technology growth capital investor, has announced that it has concluded an agreement with R22, a publicly listed company on the Warsaw Stock Exchange, to sell its entire shareholding in H88 S.A..

Headquartered in Poznan, Poland, H88 S.A. is one of the leading and fastest growing web hosting and domain registration companies in Central and Eastern Europe (CEE). 3TS made the first investment in H88 S.A. back in 2016 and has actively supported the company in its  market consolidation activities.

Between 2016 and 2018, H88 S.A. executed an aggressive growth strategy in Poland by acquiring and integrating six local peers and creating a Top 3 player in its segment. In 2018, H88 S.A. and R22 Group began international expansion and construction of a regional market leader by acquiring three additional companies in Romania and other countries. Now, as H88 enters its next phase of growth, R22 Group is acquiring 28.5% of H88 S.A. controlled by 3TS for €13.6 million.

“The cooperation between R22 and 3TS made it possible to carry out a dynamic consolidation process of the Polish hosting and domains market. Having a strong financial partner behind us, and supported by bank debt and IPO funds, we were able to implement our strategy quickly and more efficiently than we initially anticipated – the partnership with 3TS was key in this respect. After an intense acquisition period on the Polish market, we are constantly increasing revenues. efficiency of the segment and are developing abroad. We have already a leading position in Romania and have plans to become a leader in the CEE region.”, said Jakub Dwernicki, President of the Management Board of R22 Group.

“Congratulations to Jakub and the entire R22 team! We are proud partners in supporting their growth since our initial investment, when we became a shareholder in H88 S.A. Under Jakub’s leadership, the team executed very well and focused on an acquisition strategy building one of the top players in this segment. We are very happy with the outcome and wish Jakub and the team all the best in their future expansion in the region.” added Zbigniew Łapiński, Senior Partner of 3TS Capital Partners.

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.