3TS Capital Partners Ltd

3TS Capital Partners Ltd.

3TS Capital Partners 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, Prague, Vienna and Warsaw.
3TS is currently the exclusive advisor to three funds totalling approximately € 230 million :

• Fund I - the € 66 million TCEE Fund
• Fund II - the € 130 million 3TS Central European Fund II
• 3TS Cisco Growth Fund

3TS Capital Partner identifies, evaluates and recommends investments for the Funds it is advising. After the investment is made, 3TS represents the Fund either directly and/or with non-executive directors with positions on the Board and works with the management to fully support the development of the investee companies. Investors in the Funds include 3i, Cisco, Sitra, EBRD and KfW among others.
3TS primarily targets expansion capital and buyout investments in high growth sectors including Technology & Telecoms, Media & Marketing, Services and Environment & Energy. The target companies are in growth sectors which are most likely to benefit from the catch up to the western EU or the pre-accession run up in the case of the next wave entrants. 3TS can also provide financing to companies expanding into the CEE region.

The Shareholders

3TS is owned by the Management Team, and 3i.

The Management Team

3TS is lead by the co-Managing Directors Pekka Santeri Mäki and Daniel Lynch.

3i Group plc

3i is a world leader in private equity and venture capital focusing on buyouts, growth capital and venture capital and invests across Europe, in the United States and in Asia. www.3i.com

Region:	Whole Central and Eastern Europe with focus on the core countries Poland, Czech Republic, Slovakia, Hungary, Romania and Bulgaria plus Austria, Slovenia, Croatia, Serbia, Estonia, Latvia and Lithuania. Investments in Ukraina and Turkey will also be considered in exceptional cases.
Sectors:	Special focus on the following areas: Technology & Telecoms Media & Marketing Services Services (Business, Financial and Healthcare Services) Environment & Energy EU Growth Sectors – Other sectors which are most likely to benefit from the catch up to the western EU or the pre-accession run up
Stages:	Expansion capital and buy-outs
Profile:	A company that requires capital to accelerate growth or to consolidate an industry sector. The Company should have positive operating cash flow, established customer base and growth strategy that supports a future exit.
Business Models:	Business models predominant for Central European private equity investments are companies with innovative technologies and services capable of competing in global markets or companies that have the potential to be market leaders in local countries or the region
Forms of Investment:	Subscription of new shares issued by the Company Purchase of existing shares Convertible debt, warrants or a combination of the above
Size:	Preferred equity deal size is in range of € 2 to € 20 million. Much larger investments (up to € 30 million) are possible, or 3TS Capital Partners can syndicate even larger investments.
Milestones:	The investment may be made in one or more tranches linked to operational milestones.
Share Ownership:	The Funds can hold either minority or majority stake depending on the investment profile and other shareholders.
Syndication:	Often the Funds choose to co-invest alongside other private equity firms.
Board Membership:	3TS Capital Partners often seeks a position as a board member. In this role, 3TS Capital helps to establish management systems, strategic development, recruitment, identification of sales partners etc.
Industry Experts:	The 3TS team is experienced across several industry sectors and can thus provide knowledge and expertise. Additionally 3TS Capital Partners can leverage its vast international network of industry experts and partners that typically enhance post-investment business development.
Timeframe:	The period of the investment is usually 3-5 years.
Exit:	The primary purpose of 3TS Capital Partners is to realise capital gains. To exit an investment, 3TS works with the management of the Company and other shareholders to achieve a sale of the Company to either a trade buyer or the public markets.

3TS is currently the exclusive advisor to three funds totaling approximately € 200 million.

FUND I - Technologieholding Central and Eastern European Funds

3TS was originally set up in 1999 by the Finnish Sitra and the German Technologieholding to advise two new Netherlands based TCEE Funds: Technologieholding Central and Eastern European Fund NV and Technologieholding Central and Eastern European parallel Fund BV.
These venture capital funds totaling € 66 million have been fully invested into 15 companies, out of which 11 have been exited and 4 are in active portfolio.

FUND II - 3TS Central European Fund II

Building on the success of Fund I, in 2005 3TS raised 3TS Central European Fund II totaling € 130 million from one of its´ existing investors: 3i Group plc, Europe’s leading private equity and venture capital firm. This private equity fund is currently actively investing and primarily targets growth capital investments between € 5-15 million. Its’ active portfolio contains 6 companies.

3TS Cisco Growth Fund

3TS in partnership with Cisco Systems Inc, the worldwide leader in networking technologies launched In November 2007 a new venture capital fund, the Technology in Central and Eastern Europe S.C.A. SICAR (marketed as the “3TS Cisco Growth Fund”), primarily targeting € 1-4 million growth capital investments in small and medium-sized companies in technology, media and communications sectors.

INVESTORS

3i Group Plc

www.3i.com
3i is Europe's leading venture capital and private equity company, which is active across all stages of funding, from early-stage venture capital to growth capital and buyouts. 3i invests €1.5bn a year. 3i's international relationship network is unique. A team of over 300 investment professionals spans three continents, linking it to a wealth of corporate contacts and industry experts. This gives 3i both a local and global view of industry trends.

Cisco

www.cisco.com
Cisco, (NASDAQ: CSCO), is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at http://www.cisco.com. For ongoing news, please go to http://newsroom.cisco.com. Cisco equipment in Europe is supplied by Cisco Systems International BV, a wholly owned subsidiary of Cisco Systems, Inc.

Sitra

www.sitra.fi
Sitra, the Finnish Innovation Fund, is an independent public foundation under the supervision of the Finnish Parliament. The Fund aims to promote Finland's economic prosperity by encouraging research and providing venture capital. Sitra was set up in 1967.

EBRD - European Bank for
Reconstruction and Development

www.ebrd.com
The European Bank for Reconstruction and Development (EBRD) was established in 1991. Today the EBRD uses the tools of investment to help build market economies and democracies in 27 countries from central Europe to central Asia. The EBRD is the largest single investor in the region and mobilises significant foreign direct investment beyond its own financing. It is owned by 60 countries and two intergovernmental institutions. It provides project financing for banks, industries and businesses, both new ventures and investments in existing companies. It also works with publicly owned companies, to support privatisation, restructuring state-owned firms and improvement of municipal services.

Kreditanstalt für Wiederaufbau
Germany (KFW)

www.kfw.de
KfW Bankengruppe (KfW banking group) gives impulses for the economy, society and ecology in Germany, Europe and the world over. It supports change and promotes promising ideas. What we do we do as professionally as possible and at the lowest possible cost: in the promotion of SMEs, in home finance or housing modernization, in the protection of the environment and the climate, in Export and Project Finance or in the promotion of the developing and transition countries.

MPC Global Equity Funds

www.globalvision-ag.de
www.mpc-capital.de
GLOBAL VISION AG Private Equity Partners is an independent fund-of-fund management company with expertise in both private equity and venture capital. The company has two offices located in Frankfurt/Main and Hamburg. MPC Capital AG, Germany's leading non-bank issuing house, develops and markets innovative capital investment products for affluent private clients. The company has operated with growing success for several years.

5E Holding AG

www.5eh.ch
The name of 5E Holding AG stands for Excellence in Eastern European Emerging Equity. The company was founded July 8, 1998 and has its headquarters in Zug. Together with its subsidiaries it comprises 5E Group. 5E Holding AG offers institutional and private investors the opportunity to invest within a simple legal and tax optimized structure in a broadly diversified and professionally managed Private Equity portfolio. 5E Holding AG invests in selected Private Equity funds and makes direct investments in unlisted companies as well as in listed Small Cap Companies in middle eastern Europe. This way, it opens a not easily accessible investment alternative

Alpha Associates

www.alpha-associates.ch
ALPHA Associates offers tailored private equity solutions to institutional and private clients. ALPHA advises and manages private equity fund-of-funds programs deployed in various stages, regions and industry sectors. ALPHA creates value for its clients through an active management style and its extensive industry network.

Financial Services
Expander Advisors Sp. z o.o. www.expander.pl Expander is a leading and the first Independent Financial Advisor in Poland with strong brand backed by high quality services and network. The Company offers multiple financial products and advises its clients on selecting the best solution. Expander co-operates with a number of domestic and international financial institutions to have attractive and comprehensive product base meeting client's expectations. Investment in late 2007 to support growth and foreign expansion of the Company.
Dom Maklerski TMS Brokers S.A. www.tmsbrokers.pl TMS Brokers, Warsaw based company, is the leading and the first licensed FX brokerage house in Poland. The company provides financial advisory, FX brokerage activities and asset management services. TMS Brokers offers trading platforms for individual and corporate investors, provides market data, analysis and reports as well as hedges companies against currency risk. Investment in 2007 and successfully exited in 2010.
Business Services
Romprest Service www.romprest.ro Romprest Service SA is a market leading Romanian facilities and waste management company active in three major fields: 1) Cleaning of industrial and domestic complexes; 2) Waste management services; 3) Roads Division: repair & maintenance. Investment in 2007 to finance the expansion of the business.
Telecom Operators & Services
MobilTel EAD www.mobtel.bg Mobiltel EAD is the largest GSM mobile telephony operator in Bulgaria with a 75% market share. Investment in 2004 as part of a €1.1bn consortium in the largest ever LBO in Central Europe and successful exit to Telecom Austria in 2005.
Orange Slovensko a.s. (formerly Globtel GSM) www.orange.sk Orange Slovensko is the leading GSM mobile telephony operator in Slovakia. Investment as part of a minority consortium in 2001 and successful exit in 2005 to the majority shareholder Orange, the France telecom subsidiary.
Media & Marketing Communication
Elit Teknoloji (eCift) www.ecift.com Elit Teknoloji owns and operates eÇift the leading premium online matchmaking and serious dating service in Turkey. eÇift, innovative matching method, the members determined in accordance with specific search criteria, analyzes and the most compatible with thousands of members will offer suggestions for member profile (Ideal Couple Method ). Investment in 2011.
BKS Cable (Malta) Ltd. (Nej TV) www.nejtv.cz The second largest CATV operator in Czech Republic which provides Cable TV, Internet and VoIP services in several areas of Czech Republic with over 100k RGU's. Investment in 2008 to support expansion of the Company.
Internet Corp SRL www.internetcorp.ro InternetCorp is Romania’s leading independent online publisher, with a strong presence in the Business Publishing, Women’s Lifestyle and General News segments, where its online properties secure top positions. Investment in 2009.
STK Sp. z o.o. www.stk.com.pl STK is a cable television service provider in Southern Poland. Its network covers more than 144,000 homes and services over 65,000 subscribers. The company focused on increasing ARPU through introduction of new services such as Internet access based on its state-of-the-art fibre network. Investment in 2002 and successful exit via trade sale to a competitor in 2005.
Click AD Sp. z o.o. www.clickad.pl ClickAd, founded in July 2000, is a leading Polish Internet advertising media operation. The company provides media agencies, advertisers and media owners with innovative online advertising and digital media solutions and services. Investment in 2006 to support the growth of the company.
Software and IT Services
Avangate www.avangate.com Founded in 2006, eCommerce solutions provider used by Software and SaaS companies to grow their business worldwide through any channel, any model. Investment in 2011 to support global expansion.
SolveDirect Service Management Inc. www.solvedirect.com SolveDirect is a leading provider of IT service management solutions featuring the world’s largest IT platform based on SaaS (Software as a Service), enabling the efficient and speedy B2B integration of all internal and external service partners and systems. Investment in 2009.
LogMeIn, Inc. (formerly 3am Labs Inc.) www.logmein.com LogMeIn develops and markets innovative remote control, productivity, management and security products that serve mobile professionals and system administrators. Its brands include LogMeIn, an on-demand access service, and the RemotelyAnywhere line of software. Based just outside of Boston, USA, LogMeIn also maintains a development lab in Budapest, Hungary. Investment in 2004. NASDAQ listed 2009.
Systinet Corporation (previously Idoox, Inc.) www.systinet.com Systinet provides companies with the ability to create, publish, discover and use Web Services and functional software components accessible via the Internet. Systinet is located in Boston, USA with the development team in Prague, Czech Republic. Investment in 2001 to support the international expansion of the company incl. relocation of the headquarters. Successful exit via trade sale to US listed Mercury Interactive in 2006.
PXP Group AG www.pxpgroup.com PXP is a regional eBusiness and eFinance software solutions provider headquartered in Vienna with subsidiaries in Austria, Czech Republic and Slovakia. Its clients are mainly large and medium size enterprises across the region. Investment in 2004 to support PXP's regional expansion.
Health Care & Pharma
Centrul Medial Unirea s.r.l. www.cmu.ro Centrul Medical Unirea is a leading Romanian medical services company currently operating 8 clinics for primary care in Bucharest, a surgery clinic, women’s’ clinic and maternity services. The company has a major focus on corporate subscriptions, providing integrated medical services for more than 43,000 subscribers. In 2010 successfully exited.
Cleantech, Energy & Environment
Cycleenergy www.cycleenergy.com Cycleenergy is a bio-energy group focused on decentralised, rural renewable energy solutions. The company constructs and operates biomass and biogas combined heat and power (CHP) plants across Central and Eastern Europe. Investment in 2007 for construction and acquisition of bio-power plants.
FMCG & Retail
Netretail Holding B.V. (Internet Mall) www.nrholding.com Netretail Holding operating under the brand Internet Mall (www.mall.cz) in the Czech Republic, is the leading regional online retailer operating in Central and Eastern Europe. Netretail Holding is currently running fully localized eshops in the region with over 600 different product categories ranging from consumer electronics to sporting equipment. Investment in 2008 and successfully exited in 2010.
Komex Sp. Z o.o. www.51015.com.pl Komex operating under the brand name 5.10.15 opened its first outlet in Warsaw in 1993. Today the chain is the leading children clothing retail chain in Poland with more than 50 outlets. Investment in 2006 to support further expansion of the chain in Poland.

3TS Capital Partners is built based on our "One Team - Multiple Locations" philosophy. The team includes local nationals as well as foreign VC and Private Equity managers who have worked in the CEE region for many years. The team works across countries and offices to be able to bring the most relevant skills and experience to any investment including working closely with the portfolio companies on business development, partner search, financing and other key issues also after an investment has been made. The Investment Committee consists of Pekka Santeri Mäki, Daniel Lynch and Matts Andersson They review all potential investment opportunities, terms for prospective investments, and developments in the Portfolio companies. Jiri Benes Katerina Dvorakova Laszlo Hradszki Zbigniew Lapinski Daniel Lynch Pekka Santeri Mäki Jozsef Köver Katarzyna Pac-Malesa Mihai Sfintescu Matts Andersson
	Jiri Benes, Partner, Prague Mr. Benes is responsible for Czech Republic and Slovakia investment sourcing, transactions and portfolio management. Prior to joining 3TS, Mr. Benes worked as an Executive at PricewaterhouseCoopers in the Technology, Media and Telecoms group and as an Equity Analyst covering CEE markets for Deutsche Bank in London. He holds both a BA and MA from the Prague School of Economics and is a CFA charter holder. Board Member of Czech Private Equity and Venture Capital Association and EVCA. Contact for portfolio company MobilAsk. jbenes@3tscapital.com
	Jozsef Köver, Partner, Budapest Jozsef joined 3TS Capital Partners in 2007 and works on technology, media and telecom investments. Previously, he had been a private investor and legal/ business advisor at several early stage businesses. In the 90’s he was Managing Director of the Hungarian affiliate of Advent International and also worked as an investment banker with CA-IB Securities. Jozsef has a degree in law from the University of Szeged, Hungary and a degree in Business Administration from the Swinburne University of Technology in Melbourne, Australia. Contact for portfolio company Internet Corp in Romania, Investor BG AD in Bulgaria and eCift.com in Turkey. jkover@3tscapital.com
	Laszlo Hradszki, Partner, Budapest/Bucharest Mr. Hradszki is responsible for Hungarian and Romanian investment sourcing, transactions and portfolio management. Mr. Hradszki has been working in the VC/PE industry since 1998, previously also for Euroventures Hungary and the Hungarian Innovative Technologies Fund. Mr. Hradszki has eight years of banking experience in corporate finance and corporate banking at Citibank, ABN-Amro and Hungarian Credit Bank in Hungary. He has a BA from the College of Foreign Trade in Budapest and an MA from the University of Stockholm, Sweden. Contact for portfolio company CVO Group lhradszki@3tscapital.com
	Zbigniew Lapinski, Partner, Warsaw Mr. Lapinski works in the Warsaw office and is responsible for Polish investment sourcing, transactions and portfolio management. Prior to joining 3TS in September of 2005, Mr. Lapinski was CFO of Netia, a Warsaw Stock exchange listed alternative telecom operator. Previously, Mr. Lapinski worked as an Regional Telecom Analyst at Deutsche Bank and Industry Analyst at Creditanstalt in Warsaw. Mr. Lapinski is also a Supervisory Board member of few Warsaw Stock exchange listed companies. He holds a M.Sc. from the Warsaw School of Economics. Contact for portfolio company Komex. zlapinski@3tscapital.com
	Daniel Lynch, Managing Partner, Prague Mr. Lynch is the managing partner of 3TS and is primarily responsible for originating, executing and managing direct investments as well as overall investment management of 3TS. Mr. Lynch joined 3TS in September 2000. Previously, Mr. Lynch was the Investment Director in charge of Telecoms and Technology for the AIG New Europe Fund based in Warsaw. He has continuously lived and worked in Central Europe for over 20 years working in the CEE Venture Capital and Private Equity industry the entire time. He resides in the Czech Republic. He has a BA (finance) from Washington State University and an MBA from University of California at Berkeley. Contact for portfolio companies Unirea,Romprest, Avangate and BKS. dlynch@3tscapital.com
	Pekka Santeri Mäki, Managing Partner, Budapest/Vienna Mr. Mäki is the managing partner of 3TS and is primarily responsible for general management of 3TS. He is also active in investment structuring, negotiations and portfolio management. Previously, Mr. Mäki was the Managing Partner of Red Catalyst Ltd., a strategic business development consultancy and an investment boutique. From 1990 to 2000, he worked in top management positions at various international advertising agencies across Central and Eastern Europe and in Finland. In 1980s he started in management consulting and studied at Helsinki University of Technology, Universidad Complutense in Madrid and Wirschaftsuniversität Vienna. Contact for portfolio companies PXP Group and LogMeIn. pmaki@3tscapital.com
	Mihai Sfintescu Partner, Bucharest Mr Sfintescu is responsible for Romanian investment sourcing, transactions and portfolio management. Prior to joining 3TS in October 2007, Mr Sfintescu has been working for 14 years in investment banking, of which five years as Corporate Finance Director with CA IB (currently member of UniCredit Group). Mr Sfintescu coordinated landmark M&A transactions in Romania and Central Asia on behalf of high profile multinationals and governmental agencies. Subsequently Mr Sfintescu established his own investment banking boutique which has been instrumental in successfully closing private equity transactions. He holds an MBA degree from University of Washington in Seattle. msfintescu@3tscapital.com
	Katarzyna Pac-Malesa Investment Manager, Warsaw Mrs. Pac-Malesa is responsible for Polish investment sourcing, analysis and valuation esp. for 3TS Cisco Growth Fund. Prior to joining 3TS in June 2008, Mrs. Pac-Malesa worked as an Analyst in TMT team of BRE Corporate Finance preparing companies‘ valuation and transaction documentation. Previously, she had internships in zeb/rolfes.schierenbeck.associates and Corporate Banking division of Citibank. Mrs. Pac-Malesa holds M.Sc. in Finance and Banking from the Warsaw School of Economics, Poland kpac@3tscapital.com
	Katerina Dvorakova Office Manager, Prague Mrs. Dvorakova is the Office Manager of the 3TS Prague office. Her main responsibilities are to manage the issues concerning the setting up and running of the Prague office and firm PR. Previously, Mrs. Dvorakova worked for Coca-Cola Beverages ČR as a Personal Assistant, later as Sales Coordinator. Mrs. Goetzova graduated at the Commercial Academy. kdvorakova@3tscapital.com
	Matts Andersson, Senior Advisor, Helsinki Mr. Andersson is a member of the 3TS board. Previously, he was the Managing Director of Sitra Management Ltd and vice president of Sitra, the Finnish National Fund for Research and Development, where he was responsible for the development of Sitra’s venture capital direct investments. He also initiated Sitra’s fund investment programme which has made commitments to a large number of venture capital funds located in Finland and abroad. Mr. Andersson was a founding member and the first Chairman of the Finnish Venture Capital Association and a past Chairman of the European Venture Capital Association. Mr. Andersson holds a Master’s degree in Economics. matts.andersson@sitra.fi

source: http://www.3tscapital.com/index.html