3TS Capital Partners will make a new acquisition in IT in the next months

Newsroom 25/11/2011 | 17:08

Investment fund 3TS Capital Partners is having discussions with various IT companies with a view to making an acquisition, said Mihai Sfintescu, investment manager of the private equity fund, during the event “Innovation in IT: Solutions for SMEs” organized by Wall-Street.ro

 “We are having various discussions and over the next few months something will materialize. We are interested in companies in IT, software in general, scalable solutions and especially cloud-type applications- software as a service. Ideal are applications that can be cloud,” said Sfintescu.

 3TS Capital Partners announced this year that it will launch a new investment fund 3TS Catalyst Romania that will have a capital of approximately EUR 25 million –EUR 30 million and will address companies in the IT&C and media domains.

 “We will continue to invest from this new fund into Avangate. But right now we are focusing on fund raising, we are preoccupied to raise funds for launching Catalyst. It is rather hard,” he said.

 3TS purchased a minority share package in Avangate for approximately EUR 4 million.

 Otilia Haraga

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