Catalyst Romania investment fund

Local private equity and venture capital fund Catalyst Romania, which supports small and medium enterprises in the technology and media-telecom (TMT) sectors, has taken over a 23 percent stake in Simartis Telecom through capital growth.

Catalyst Romania is the first private equity fund dedicated to Romania, mainly financed by the European Investment Fund (FEI) via the JEREMIE initiative, as part of the Sectoral Operational Program ‘Increase of Economic Competitiveness’, co-financed through the European Fund for Regional Development.

Catalyst Romania finances, through investments between EUR 200,000 and EUR two million, local SMEs that are mainly active in the TMT area.

Besides FEI, which by JEREMIE is the largest contributor to Catalyst’s capital, the other investors in the fund are BT Asset Management (BTAM), members of Banca Transilvania Financial Group, 3TS Capital Partners, as well as other private investors.

The fund is managed by 3TS Capital Partners, one of the most important companies of private equity and venture capital in Central and Eastern Europe.

The partnership with Catalyst will help Simartis become a global competitor and increase its ability to deliver simultaneously to multiple customers while helping them benefit rapidly from Simartis’ solutions.

See the article here.

March 19, 2014