Dear Friends,It may be that in 2024 we turned the page into a new business cycle. After the up and down gyrations over the past couple of years, this next phase looks to be characterized by more moderate growth, higher capital efficiency, a new valuation environment, lower overall investment levels and higher interest rates, but[…]
Dear Friends, As the second half of 2024 is coming to an end, the broader market seems to have settled into a new-normal, consisting of more normalized customer demand (except for anything AI), more balanced revenue growth, lower appetite for excessive cash burn, and much lower, harder to get investment capital. So what should companies do[…]
3TS Capital Partners, along with its affiliated fund Catalyst Romania, is thrilled to announce the successful exit of Interactive Travel Holdings (ITH) to Resource Partners, a regional private equity fund. ITH operates popular online travel agencies across CEE including Vola.ro, the market leader in Romania, and Fru.pl, a key player in Poland. This marks another[…]
Dear Friends,As the first half of 2024 comes to a close, we have a sense from the broader investment and company community there’s a more balanced, cautiously optimistic environment out there. Customer demand seems to have leveled off or is inching back up again in certain sectors, with anything AI-related being growth outliers. The risk[…]
Press Release Warsaw, Hamburg, April 2024 3TS Capital Partners is thrilled to announce the completion of the acquisition of Perfect Gym Solutions by Sport Alliance GmbH, backed by PSG Equity, a premier global private equity firm. The acquisition marks a new chapter for Perfect Gym Solutions, a leading international Health Club Management player, serving over[…]
Dear Friends,One quarter down in 2024 and three to go, in what look like the year of a “new-normal”. While its clear there won’t be a rapid return to the 2018-2022 period of heavy spending by clients and the go-go days of investing, there are green shoots all around. It seems as though we are back[…]
Press Release Helsinki-Vienna-Luxembourg, 30 January, 2024 3TS Capital Partners, a European technology-focused growth capital investor, announces the final closing of Fund IV with €111m. For this new fund LP commitments have come from a broad group of premier institutional investors including EIF (European Investment Fund), Tesi (Finnish Industry Investment), SZTA (Széchenyi Funds), Erste Asset Management as[…]
Welcome to 2024! A fresh year full of new beginnings. The major milestone for 3TS is the final closing of our new TCEE Fund IV. Despite the tail end of the pandemic, a tragic war in the region and a substantial market correction, we are proud of reaching this objective. We want to thank all the existing LP[…]
Dear Friends, In one word, 2023 has turned out to be a year of “transitions”. Transitions to a new business environment with higher interest rates, reductions in valuations, declines in funding, lower revenue growth rates, lower exits, a world-changing AI wave, and maybe avoiding a global recession. The good news is that with new-found stability comes[…]
SEPTEMBER 2023 Dear Friends, We hope everyone had a chance to take some time off this summer to recharge and came back ready for a strong rest of 2023. After a few quarters of uncertainty and trepidation, we are hearing across portfolio companies that corporate customer budgets seem to be opening up again, and demand[…]
JULY 2023 Dear Friends, All of a sudden half of 2023 is behind us, and while the market environment is still uncertain, many of our CEOs and management teams have already started thinking about 2024 plans and beyond. On the one hand, it’s clear corporate budgets and spending are under some pressure, with 25-30% longer sales[…]
MAY 2023 Dear Friends, As we are approaching the mid-year mark it seems in some ways that the macro picture and business dynamics are settling down into a new-normal, compared to the past tumultuous 12 months in the public and private markets. Of course there’s a war raging in Ukraine, which remains an ongoing tragedy and risk of[…]
MARCH 2023 Dear Friends, The start of 2023 has not been short on excitement, after everyone had hoped for increased stability following a tumultuous 2022. While new world changing innovations like Generative AI take hold, the demand environment, capital raising and the credit markets (driven by SVB’s demise) have all become more difficult. We are fortunate[…]
Vienna, 28 March, 2023 – 3TS Capital Partners, a European technology-focused growth capital investor, congratulates SafeSize on closing €14M in new financing. 3TS was one of the original institutional investors in SafeSize, a leading footwear personalization platform. The Company’s successful vision, leadership team and growth culminated in completing this new round of capital. Co-investors in[…]
DECEMBER 2022 Dear Friends, No one could have forecasted the challenges that 2022 brought. Russia’s brutal war in Ukraine, inflation, energy crises, higher interest rates, real fears of broad based recession, and lingering effects of Covid. Building great companies is hard enough without all these obstacles. One silver lining of 2022 was being able to be[…]
Dear Friends, As we head toward the end of Q4, we hope everyone will have a successful end to this challenging year. Beyond some exciting new investments, we are proud to see how our portfolio companies continue to reach new heights and important milestones, as you’ll see in this newsletter. Since everyone is in 2023 planning[…]
Dear Friends, We hope all of you had a great summer and had a chance to unwind. At 3TS, while we all see headwinds and growing uncertainties, we are proud that our portfolio companies continue to scale by growing revenues 80% y-o-y on average. What an awesome achievement and congratulations to all the management teams.[…]
Dear Friends, While summer is upon us, investors and companies will have to continue to navigate through ‘storm clouds and rough waters’ for at least the next few quarters, or longer. Through the challenging first half of 2022, it’s exhilarating to see how 3TS portfolio companies and their teams continue to accelerate growth, establish leadership[…]
Dear Friends, Everyone in Europe and in countries around the world are in shock and condemn the war started by Russia in Ukraine. 3TS and our portfolio companies have helped in the refugee crisis directly or through many direct-aid organizations. In these tumultuous times, we look to one of our core 3TS principles for guidance[…]
FEBRUARY 2022 Dear Friends, The holidays already feel far away in the rear-view mirror. Meanwhile, 2022 has started off with a roar. The lingering pandemic, geo-political standoffs, ongoing inflation and of course what followed, market volatility. On the heels of a record-setting 2021, what will be in store in 2022 and how will the year[…]
DECEMBER 2021 Dear Friends, 2021 has been an extraordinary year for growth capital investing, and at the same time, it’s been an extremely busy, whirlwind year with many ups & downs. With Christmas and New Year around the corner, we want to take a moment to say Thank You to all our portfolio companies’ teams, our fund investors,[…]
Press Release Vienna, Warsaw, London, 2 December, 2021 3TS Capital Partners, a leading European growth capital investor, announced today that its portfolio company, SALESmanago has been successfully acquired by a private equity consortium composed of SilverTree Equity and Perwyn. SALESmanago is a leading SaaS no-code CDP & Marketing Automation platform. 3TS realized an exceptional return on[…]
Dear Friends, So just as we all thought we had a chance to get past this pandemic, October and November have proven otherwise, not only with infection spikes but a potential new variant. How will 2021 end? How will 2022 unfold? No one knows exactly. Our mantra remains Stay Calm and Grow. Our companies have[…]
Dear Friends, No one expected the majority of 2021 to be impacted by COVID, but here we are. It seems everyone has adapted to new ways to thrive at work and in life. As in-person events are returning, we held a successful Tech Lounge in Helsinki. It is impressive and humbling to see how our[…]
Dear friends, We hope everyone had a great summer and had a chance to re-charge. At 3TS, we reached a major milestone recently by having the First Close of our new Fund IV. Everyone at 3TS is thankful to the institutional LPs that continue to entrust their capital with our investment strategy. And equally pleased to see a[…]
By Sever Totia This is a Big Market Indeed We focus on backing companies with unbounded market opportunities. By 2025, there will be 6x more IoT devices than people worldwide. While many innovations leverage IoT, the bulk of IoT devices are needed in industrial, building automation, manufacturing and utility sectors, which represent a majority of[…]
Press Release Helsinki-Vienna-Luxembourg, 15 September 2021 3TS Capital Partners, a European technology-focused growth capital investor, announces the first closing of its Fund IV with a target size of €150m. The firm’s prior multi-generation funds totaling over €300 million have made a strong, positive impact on the innovation and technology ecosystem development across Europe, by investing[…]
Dear friends, As you might now, 3TS Capital Partners has been helping companies to expand not only in Europe but very often also to the US. With an office in Washington, D.C., we brought 15 companies into the US over the years, out of which 8 are already exited and 7 are currently active in[…]
By Alina Georgescu, Investment Manager Catalyst Romania Over the last 5 years with Catalyst Romania, I have had the opportunity to take part both in making new investments and in developing our portfolio companies. Further, I have also helped some of the companies through successful exit processes, which are one of the most important processes[…]
Dear friends, We are glad to be able to share more good news from our funds and our portfolio with you this month. What we are most excited about is that Catalyst Romania has had the second closing of its second fund and reached the target size 6 months before the deadline. On our portfolio side, new[…]
By Jasmina Henniova, Communications & Investment Manager, 3TS Capital Partners The fact that diverse teams perform better is already a well-known fact. A 2019 McKinsey study of 1000 large companies found that those in the top quartile for ethnic and racial diversity in management were 36% more likely to have financial returns above their industry[…]
Dear friends,The first quarter of the year has been a quarter of good news for 3TS and Catalyst Romania. We have started the year with a newly launched fund and accelerated discussions with many interesting companies in the region. We have exited two portfolio companies, Green Horse Games (read a short interview with the founder[…]
By Andreas Huber, Partner and COO, 3TS Capital Partners As COO of 3TS Capital Partners, I am among others responsible for investor relations and the day-to-day communication with our limited partners (LPs). Before joining 3TS almost six years ago, I have been an LP for more than 10 years managing the private equity program of[…]