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3TS Fund Invests EUR 4 Million in Avangate

By M&A News on March 9th, 2011
3TS Capital Partners

3TS Capital Partners, the Growth Capital Investor for Central and Eastern Europe, has announced that its Technology in Central and Eastern Europe Fund S.C.A. SICAR, informally known as 3TS Cisco Growth Fund, has invested in Avangate, provider of electronic software distribution and partner management solutions, by acquiring a minority stake in the firm. As a result of the transaction, Avangate will receive € 4 million in equity over the next 6 months.

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