Cisco invested €30 mln in 3TS-Cisco Growth Fund III

Romanian IT&C companies could benefit from some €13-17 mln in investments, if the final capitalization of Technology in Central and Eastern Europe (informally named 3TS-Cisco Growth Fund III) amounts to €40-50 mln, as estimated by officials of the company administering the assets of 3TS Capital Partners.

"We are currently analyzing two or three transactions in and I hope we will soon announce the first," said Pekka Santeri Maki, Executive Manager of 3TS Capital Partners. "There are no allocation limits but we estimate that and each have the capacity to absorb one third of our resources," said Mihai Sfintescu, the company's Investment Manager.

3TS-Cisco Growth Fund III targets mainly small and medium-sized enterprises with a rapid growth rate in the media and IT&C sectors, whose annual revenues are worth several million euro, and in which the fund could invest up to €4 mln.